Stockwinners Market Radar for November 29, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PLTR | Hot Stocks20:30 EST Cathie Wood's ARK Investment bought 476K shares of Palantir on Monday
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HOOD | Hot Stocks20:29 EST Cathie Wood's ARK Investment bought 915K shares of Robinhood on Monday
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HOLX | Hot Stocks20:27 EST Hologic's COVID-19 test detects omicron variant - The company states: "Hologic announced that its three SARS-CoV-2 tests all detect the recently emerged omicron variant of the coronavirus that causes COVID-19. Aptima and Panther Fusion tests run on Hologic's fully automated Panther(R) and Panther Fusion systems, respectively, which provide initial results in approximately three hours and can process more than 1,000 tests in 24 hours."
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AWK | Hot Stocks20:07 EST California American Water applies to buy treated recycled water in Monterrey - The company states: "California American Water filed an application today with the California Public Utilities Commission seeking approval of an agreement it recently negotiated with Monterey-area public agencies, Monterey One Water and the Monterey Peninsula Water Management District, for the purchase of additional advanced treated recycled water to be provided by an expansion of the Pure Water Monterey Project. In addition to the water purchase agreement, California American Water is also seeking approval of $81.1 million in construction costs for the company facilities, including pipelines, wells, and pump stations that are needed to deliver Pure Water Monterey's advanced treated recycled water from the Seaside Groundwater Basin to its customers. The estimated price of water purchased from the Pure Water Monterey Project, including the expansion, is expected to be about $3,429 per acre foot of water delivered. The California Public Utilities Commission will announce a schedule for review of the company's application, which includes a formal hearing process and opportunities for public input."
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AMZN ACN | Hot Stocks19:52 EST Accenture announces extended relationship with AWS - The company states: "Accenture (ACN) announced the renewal of its joint business group with Amazon (AMZN) Web Services, or AWS. Building on a 13-year relationship, Accenture and AWS will make an additional joint investment over the next five years to help clients spur innovation on the Cloud Continuum and accelerate business value at scale by delivering solutions through the Accenture AWS Business Group. Over the next five years, Accenture will develop a range of new accelerators to address the biggest challenges in cloud migrations with the goal of enabling AWS innovations to be adopted up to 50% faster. As part of this investment, Accenture will also continue to invest in data-driven solutions for talent development and organizational change, which are critical and often cited as a key barrier to realizing cloud value. The extended relationship will help clients achieve industry differentiation by tapping into the unparalleled AABG joint portfolio of 175 assets and 20,000 cloud specialists who hold 24,000 AWS certifications - making Accenture among the top systems integrators in the world with vast AWS resources. To date, Accenture and AWS have co-created nearly 40 solutions for 16 industries with proven use-case relevance in order to jumpstart client value."
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IACB | Hot Stocks19:18 EST ION Acquisition Corp 2 shareholders vote to approve Innovid deal - ION Acquisition Corp 2, Ltd., a special purpose acquisition company, announced that its shareholders voted to approve the previously announced business combination with Innovid Inc., an independent connected TV advertising delivery and measurement platform, at its Extraordinary General Meeting held on November 29, 2021. Approximately 97.4% of the votes cast at the meeting voted to approve the transaction. The closing of the business combination is expected to take place on November 30. The transaction will generate approximately $251M of proceeds upon closing, after giving effect to redemptions of 19,585,174 shares and payment of deferred underwriting commissions, but before payment of transaction expenses. Following the closing, the company's ordinary shares and warrants will begin trading on the New York Stock Exchange beginning on December 1 under the ticker symbols "CTV" and "CTV.WS" respectively.
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ATLC | Hot Stocks18:04 EST Atlanticus Holdings' director Rosencrants sells 14,720 common shares - In a regulatory filing, Atlanticus Holdings director Thomas Rosencrants disclosed the sale of 14,720 common shares of the company on November 24 at a price of $64.49 per share.
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RRD | Hot Stocks17:26 EST Chatham Asset Management to acquire R.R. Donnelley for $10.25 per share in cash - Chatham Asset Management, which manages funds that beneficially own approximately 14.9% of the outstanding common stock of R.R. Donnelley & Sons, responded to a press release issued by RRD regarding the expiration of its "go-shop" period and receipt of an offer from a strategic party to acquire RRD at a price equal to $10.00 per share in cash. In a letter sent to the Company's Board of Directors, Chatham submitted an increased binding, fully financed offer to acquire all the common stock of RRD not already owned by Chatham for $10.25 per share in cash. To avoid payment of a higher termination fee to affiliates of Atlas Holdings under RRD's merger agreement with Atlas, which RRD agreed to despite the existence of Chatham's previous offer to acquire the Company, Chatham reserves the right to modify its offer if the Company does not declare Chatham's offer a "Superior Proposal" by 5:00 p.m. ET on Wednesday, December 1, 2021. The full text of Chatham's letter to RRD's Board follows: "In response to the press release issued by R.R. Donnelley & Sons Company this morning that the Company has received an offer from a strategic party to acquire RRD at a price equal to $10.00 per share as part of its "go-shop" process, Chatham Asset Management, LLC, the Company's largest stockholder and debtholder, is hereby submitting a revised firm, fully-financed all-cash offer to acquire all of the common stock of RRD not already owned by Chatham at a price equal to $10.25 per share. Our revised offer is supported by a debt commitment letter led by Jefferies Finance LLC in an aggregate amount of up to $1.675B, a capital commitment letter from Chatham in an amount of up to $350M, a rollover of all shares of common stock of RRD beneficially owned by Chatham, having a value of approximately $112M based on our proposed purchase price of $10.25 per share, and the equitization and/or subordination into PIK instruments of up to $787.3M of the aggregate principal amount of RRD's outstanding notes that Chatham currently owns - which represents approximately 56.7% of RRD's outstanding notes, including more than 50% of the Company's 6.125% senior secured notes due November 2026. Assuming all $787.3M of the Company's outstanding notes are equitized or subordinated by Chatham, the Company will reduce its annual interest expense by approximately $60.4M. As previously proposed, our offer also includes our agreement to pay the $20M termination fee and expense reimbursement to Atlas Holdings LLC in connection with the termination of the merger agreement with Atlas and entry into a definitive merger agreement with us."
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RRD | Hot Stocks17:22 EST Chatham Asset Management to acquire R.R. Donnelley for $10.25 per share in cash
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SAIC | Hot Stocks17:16 EST SAIC awarded $99M Air Force contract for WESTAR - SAIC was awarded a $99M indefinite-delivery/indefinite-quantity contract for Weapon Engagement Simulation Technology for Advanced Research, or WESTAR. The contract provides for the development of multi-spectral and multi-modal phenomenology modeling capabilities towards the research, development and transition of Air Force munitions. Work will be performed at Eglin Air Force Base and is expected to be completed by November 30, 2026. This award is a result of a competitive acquisition and one offer was received. FY21 research, development, test and evaluation funds in the amount of $2.84M are being obligated at the time of award. Air Force Research Laboratory is the contracting activity.
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LMT | Hot Stocks17:14 EST Lockheed Martin awarded $124.9M Air Force contract modification - Lockheed Martin was awarded a $124.9M firm-fixed-price contract modification to a previously awarded contract for Lot Four and Five of Long Range Anti-Ship Missiles and tooling and test equipment. The contract modification provides for the purchase of an additional 42 Long Range Anti-Ship Missiles and 24 Weapons Data Links in support of Lot Six. Work is expected to be completed by September 22, 2025. This award is the result of a sole-source acquisition. FY22 Navy weapons procurement funds in the amount of $124,9M are being obligated at time of modification award. The total cumulative face value of the contract is $549.67M. Air Force Life Cycle Management Center is the contracting activity.
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BA | Hot Stocks17:12 EST Bell Boeing awarded $149.07M Defense Logistics Agency contract - Bell Boeing was awarded a maximum $149.07M modification exercising the third one-year option period of a one-year base contract with four one-year option periods for performance-based logistics and engineering support for the V-22 platform. This is a firm-fixed-price requirements contract. Locations of performance are Texas and Pennsylvania, with a Nov. 30, 2022, performance completion date. Using customers are Navy, Air Force, Marine Corps and Foreign Military Sales to Japan. Type of appropriation is FY22 through FY23 Air Force, U.S. Special Operations Command, Navy and FMS appropriated funds. The contracting activity is the Defense Logistics Agency Aviation.
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TRQ | Hot Stocks17:02 EST Turquoise Hill confirms approval of short-term increase in OT mine budget - Turquoise Hill Resources Ltd. announced that, in light of the progress made in the ongoing negotiations between the Government of Mongolia, Rio Tinto and the company, the board of OT LLC approved a bridging budget of $75M to continue to progress critical activities in the Oyu Tolgoi, OT, underground mine development project. The company expects that the approved increase should be sufficient to sustain work on the development of the OT underground mine up to mid January 2022. While the company believes that the decision to approve the bridging budget was a necessary and positive step in the near term, the company cautions that there can be no assurance that the OT board will approve any future necessary additional investments to further progress underground development and accordingly OT LLC remains at risk of having to slow down further work on the underground development.
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NVCR | Hot Stocks17:01 EST Novocure CEO Danziger buys $510K in company shares - Novocure CEO Asaf Danziger purchased 4,974 shares of company stock at $102.44 per share on November 26, for a total transaction value of $509,539.
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RGCO | Hot Stocks17:00 EST RGC Resources raises quarterly dividend to 19.5c from 18.5c per share - The dividend will be paid on February 1, 2022 to shareholders of record on January 18, 2022.
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OLMA | Hot Stocks17:00 EST Olema Pharmaceuticals trading resumes
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PRTY | Hot Stocks16:59 EST Party City director buys 6K shares of common stock - In a regulatory filing, Party City disclosed that its director Steven Collins bought 6K shares of common stock in a total transaction size of $37.1K, boosting his stake by about 4%. Shares of Party City are up 2.1% after-hours at $5.95 per share.
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PKI | Hot Stocks16:54 EST PerkinElmer confirms that omicron does not impact COVID detection of its assays - The company states: "PerkinElmer announced that the performance of its SARS-CoV-2 RT-PCR assays are not impacted by the emergence of omicron (B.1.1.529), a variant of concern that was recently identified by the World Health Organization. There are more than 30 omicron mutations reported in the S gene of SARS-CoV-2. PerkinElmer's assays do not target the S gene for SARS-CoV-2 detection and are not affected by these S gene mutations. In silico assessment against variant databases such as GISAID confirm that none of the mutations associated with omicron variant impact PerkinElmer's PCR based diagnostic kits."
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NHI | Hot Stocks16:38 EST National Health Investors collects 82.7% of contractual cash due for November - National Health Investors provided a business update regarding its monthly contractual cash collections and average occupancy from its three largest senior housing operators. NHI agreed to defer $1.0 million in rent due for November from Bickford Senior Living. NHI agreed to defer approximately $0.5 million in rent for two other tenants in November which is expected to be repaid with interest. As previously disclosed, NHI has agreed with Bickford to defer $4.5 million in contractual rent due for the fourth quarter of 2021 and expects to grant up to $4.0 million in the first quarter of 2022. NHI has collected 82.7% of contractual cash due for November. The remaining balance for the month is comprised of the following: 3.8% in deferrals related to Bickford; 1.8% in deferrals agreed to with two tenants; 8.3% in unpaid rent related to the legacy Holiday properties; 2.8% related to amounts expected to be collected; and 0.6% related to lower forecasted revenue from transitioned properties prior to the start of the pandemic. For the fourth quarter to date, NHI has collected 81.1% of contractual cash due. The remaining balance for the quarter is comprised of the following: 6.7% in deferrals related to Bickford; 1.8% in deferrals agreed to with two tenants; 8.3% in unpaid rent related to the legacy Holiday properties; 1.5% related to amounts expected to be collected; and 0.6% related to lower forecasted revenue from transitioned properties prior to the start of the pandemic.
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ATH APO | Hot Stocks16:35 EST Athene, Apollo to acquire controlling stake in Aqua Finance - Athene (ATH) and Apollo (APO) announced that Athene has agreed to acquire a controlling stake in Aqua Finance from funds managed by Blackstone Tactical Opportunities at a valuation of approximately $1B. Under the terms of the transaction, Apollo will manage the investment on behalf of Athene. Blackstone would also maintain a minority stake in the company. The transaction is subject to the satisfaction of customary closing conditions, including certain regulatory approvals, and is expected to close in the first half of 2022.
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KBNT | Hot Stocks16:34 EST Kubient names Mitchell Berg as CTO - Kubient announced ad-tech industry veteran, Mitchell Berg has joined as the company's CTO. In this role, Berg will report directly to Paul Roberts, founder, chairman, CSO, and CEO. Berg adds more than 20 years of technology, engineering, and executive management experience to the Kubient team. Most recently, Berg served as CTO for Koddi. Under his leadership, Berg will further develop the company vision for its technology offerings, including Kubient's product, Kubient Artificial Intelligence, or KAI, as well as work closely with the company's data science team.
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' | Hot Stocks16:32 EST Ampco-Pittsburgh subsidiary wins $22M contract - Ampco-Pittsburgh Corporation announced that the Buffalo Pumps Division of Air & Liquid Systems Corporation, a wholly-owned subsidiary of the corporation, has been selected by Fincantieri Marinette Marine to supply centrifugal pumps to be used in the construction of first-in-class, guided-missile frigates for the U.S. Navy. Under the contract, Buffalo Pumps will provide centrifugal pumps for nine onboard services, including seawater cooling, circulation pumps, and titanium fire pumps. The contract term covers six years and has a ceiling value of $22M if all options and award terms are exercised. Shipments are expected to begin in late 2022.
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AL EADSY | Hot Stocks16:32 EST Air Lease delivers first of six new Airbus A321-200neo jets to China - Air Lease (AL) announced the delivery of one new Airbus (EADSY) A321-200neo aircraft on long-term lease to China Airlines. Featuring Pratt & Whitney PW1133G-JM engines, this is the first of six new A321-200neos confirmed to deliver to the airline from ALC's orderbook with Airbus. This aircraft is the first A321neo to deliver to China Airlines. "ALC is honored to be the first to introduce the A321neo to our long-time customer China Airlines. The A321neo will become the backbone of China Airlines' single-aisle fleet, providing fleet expansion and modernization, and elevation of their passenger experience to new levels. The greater fuel efficiency and operating flexibility of the A321neo will also maximize profitability and further China Airlines environmental sustainability goals," said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation.
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EPC | Hot Stocks16:31 EST Edgewell Personal Care acquires Billie for $310M in all-cash transaction - Edgewell Personal Care Company announced it has acquired Billie Inc., a U.S. based consumer brand company that offers a broad portfolio of personal care products for women, in an all-cash transaction at a purchase price of $310M, subject to customary adjustments. The transaction has cleared under the Hart-Scott-Rodino Antitrust Improvements Act and has closed. The acquisition is expected to be slightly positive to Edgewell's adjusted cash earnings per share during fiscal 2022. The transaction was financed with a combination of cash on hand and revolver capacity.
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OLMA | Hot Stocks16:31 EST Olema issues statement on falsified information circulating on social media - Olema Pharmaceuticals has been alerted to falsified information circulating on social media relating to the company's planned poster presentation for the Phase 1 dose-escalation portion of the ongoing Phase 1/2 clinical trial of OP-1250 at the San Antonio Breast Cancer Symposium, or SABCS. The falsified poster image was not released or authorized by the company.
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IBM | Hot Stocks16:30 EST IBM reclassified $1.5B in Q4 revenue and 25c/shr EPS as discontinued operations - In a regulatory 8-K filing, the company states: "With the separation of Kyndryl now complete, IBM expects approximately $1.5B of revenue and 25c of operating earnings per share to be reclassified as discontinued operations".
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CDNA | Hot Stocks16:23 EST CareDx CFO buys $211.7K in common stock - In a regulatory filing, CareDx disclosed that its CFO Ankur Dhingra bought 5K shares of common stock on November 24th in a total transaction size of $211.7K, boosting his stake by 34%.
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LSI | Hot Stocks16:20 EST Life Storage CFO Gregoire sells 7,500 common shares - In a regulatory filing, Life Storage CFO Andrew Gregoire disclosed the sale of 7,500 common shares of the company on November 29 at a price of $134.66 per share.
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WERN | Hot Stocks16:18 EST Werner acquires NEHDS Logistics for $64M - Werner Enterprises "announced it has signed a definitive agreement and has closed on the acquisition of NEHDS, based in Monroe, Connecticut, for a purchase price of $64M, which includes a $4M earnout. NEHDS operates a fleet of over 400 delivery trucks primarily in the Northeast and Midwest U.S. corridors. NEHDS delivers primarily big and bulky products using 2-person delivery teams performing residential and commercial deliveries through a network of 19 cross dock, warehouse and customer facilities. Werner financed the transaction through a combination of cash on hand and existing credit facilities. Beginning in fourth quarter 2021, NEHDS financial results will be included in the Werner Logistics segment."
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MVRS FB | Hot Stocks16:17 EST Meta postpones ticker symbol change to 1Q22 - Meta Platforms (MVRS), the new name for Facebook (FB), announced that it will postpone the change to its Class A common stock ticker symbol until Q1 2022. The company had previously announced its plans to change its ticker symbol, effective December 1, 2021. In the interim, Meta's Class A common stock will continue to be listed on NASDAQ under the ticker symbol 'FB', which has been used since the company's initial public offering in 2012. Additional details will be provided prior to the new ticker symbol becoming effective in the first quarter of 2022.
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GHM | Hot Stocks16:16 EST Graham CFO Jeffrey Glajch to retire - Graham announced that Jeffrey F. Glajch, CFO, who has served as CFO for 13 years, plans to retire in the second calendar quarter of 2022 following the appointment of his successor. The company has initiated a comprehensive external search to identify a successor for this role.
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KORE | Hot Stocks16:16 EST Kore Group names Paul Holtz interim CFO - KORE Group Holdings announced that Paul Holtz, SVP of Corporate Performance, Planning and Analytics, has been named as interim Chief Financial Officer, while KORE identifies a permanent successor. He succeeds Puneet Pamnani, Chief Financial Officer, who is stepping down to pursue other opportunities. Holtz joined KORE in 2017 and has public company experience in the technology and SaaS space. "I appreciate Puneet's hard work and contributions to KORE through the three and a half years he was here, including our journey to listing on the NYSE," said KORE President and CEO Romil Bahl. "As we begin the process of identifying his successor, I am pleased that our focus on succession planning has us well positioned internally. I have tremendous confidence in Paul's ability to help KORE continue its exciting growth trajectory, and he will undoubtedly be a strong candidate for the permanent job."
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ERYP | Hot Stocks16:14 EST Erytech gets US patent directed to sequential use of methioninase against tumor - Erytech Pharma announced the granting of US patent 11,141,468, covering methods of treating solid tumors by administering methioninase and asparaginase. In total, ERYTECH's IP portfolio now includes 16 global patent families with over 310 patents and 45 applications. These patent families protect ERYTECH's proprietary red blood cell encapsulation technologyts therapeutics for Oncology, Rare Metabolic Diseases, and Immune Modulation, as well as its methods for producing Cargo-Loaded Red Cell Extracellular Vesicles. US 11,141,468, entitled "Method of treating a mammal, including human, against cancer using methionine and asparagine depletion", emphasizes ERYTECH's continuing innovation in the delivery of safe and effective enzymatic activity for depriving tumors of essential nutrients. Corresponding family members have also recently been allowed in Europe, China, and Korea. As disclosed in the patent, ERYTECH scientists determined that certain solid tumors including gastric cancer were unexpectedly sensitized to treatment with asparaginase subsequent to prior treatment with methioninase. And while this finding highlights the complexity of the overarching "tumor starvation" approach, it also demonstrates the potential of the approach to weaken cancer cells, ideally rendering them more susceptible to lower levels of standard of care chemotherapies. Of note, the claims cover the method of treatment irrespective of whether the two enzymes are encapsulated in red blood cells.
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AVYA | Hot Stocks16:11 EST Avaya CEO Chirico sells 50,000 common shares - In a regulatory filing, Avaya Holdings president and CEO James Chirico disclosed the sale of 50,000 common shares of the company on November 24 at a price of $21.41 per share.
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ADAG | Hot Stocks16:10 EST Adagene receives FDA clearance of ADG116 IND application - Adagene announced that the FDA has cleared the investigational new drug, or IND, application to proceed with a Phase 1b/2 clinical trial of its anti-CTLA-4 monoclonal antibody, or mAb, ADG116, in combination with the anti-PD-1 antibody, pembrolizumab. The global trial will evaluate patients with advanced/metastatic solid tumors at multiple sites in the U.S. and Asia Pacific. The ADG116-P001 trial is expected to dose the first patient in early 2022, and is designed to evaluate the safety and tolerability, determine the maximum tolerated dose, and assess preliminary efficacy of the combination of ADG116 and pembrolizumab. Additionally, the ongoing ADG116-1003 trial is on track to expand with two combination cohorts investigating safety and preliminary efficacy of ADG116 with either toripalimab or ADG106 in patients with advanced/metastatic solid tumors.
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HELE | Hot Stocks16:07 EST Helen of Troy to acquire Osprey Packs for $414M in cash - Helen of Troy announced that one of its subsidiaries has entered into a definitive agreement to acquire Osprey Packs, Inc. The Company believes this acquisition will be an important next step as it advances its strategic goal of acquiring and investing in businesses that can accelerate profitable growth in categories where it can add value and leverage its scalable shared services and operating platform. The total purchase consideration is expected to be approximately $414M in cash, which includes the impact of an estimated $6M favorable customary closing net working capital adjustment. The net purchase price implies a pre-synergy multiple of less than 13.5-times estimated calendar year 2022 adjusted EBITDA, which compares favorably to Helen of Troy's current EV/TTM adjusted EBITDA multiple of approximately 17.5x. The company expects Osprey's calendar year 2021 net sales revenue to be $155M - $160M.
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RPD | Hot Stocks16:07 EST Rapid7 appoints Tim Adams as CFO - Rapid7 announced the appointment of Tim Adams as CFO effective January 3, 2022. Adams will assume the CFO role from current Rapid7 CFO, Jeff Kalowski, who announced his retirement earlier this year after serving approximately five years with Rapid7. Upon joining the company Adams will report directly to Rapid7's chairman and CEO, Corey Thomas. Kalowski will remain in an advisory capacity through the transition period in order to ensure a smooth and orderly transition of responsibilities. Adams joins Rapid7 from BitSight Technologies, where he has served as CFO since April 2020.
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FCPT | Hot Stocks16:07 EST Four Corners Property Trust raises quarterly dividend 4.7% to 33.25c per share - Four Corners Property Trust, Inc. announced that its Board of Directors declared a quarterly cash dividend of 33.25c per share, equivalent to $1.33 per share per annum, for the fourth quarter of 2021. This represents a 4.7% increase from the prior quarter. The dividend is payable on January 14, 2022 to shareholders of record as of January 3, 2022.
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LITM | Hot Stocks16:06 EST Snow Lake Resources receives government grant for $62,000 CAD - Snow Lake Resources provided an update on it's continuing progress in executing a strategic path to production. The company has received a grant from the Manitoba Chambers of Commerce, Manitoba Mineral Development Fund in the amount of $62,000 CAD to be utilized in support of our UAV drone magnetic survey that has been scheduled for mid-December and to be completed by EarthEx Geophysical Solutions Inc. of Selkirk, Manitoba. Pegmatite exploration can be supported by magnetic mapping in numerous ways, including mapping of the structural fabric controlling the crystallization, as well as detection of contrasts in magnetic susceptibility with neighboring lithologies. A historic fixed wing SPECTREM survey in the area shows a correlation between the Thompson Brothers Lithium Deposit and a magnetic low trend. However, the data set lacks sufficient resolution for accurate and efficient drill targeting. The EarthEx drone mag system is known to provide the highest resolution aeromagnetic maps currently in production. Furthermore, EarthEx has previously established through property testing in 2019 that the magnetic susceptibility of the TBL pegmatite is subdued relative to the host rock lithologies , providing a potential method for tracking the deposits magnetic signature and identifying other surrounding targets by using high-resolution magnetometry. The survey utilizes the latest advancements in geophysical drone technology, allowing it to fly lower than other systems. We believe the survey will give Snow Lake credible and critical data to help further identify anomalies that can potentially host lithium pegmatite targets for additional resource expansion. To date Snow Lake has only explored about 5% of its property and this new generation of geophysical drone survey will provide an abundance of data to support future prospecting and drilling programs. Chuck Davidson, President and CEO of the Manitoba Chambers of Commerce and Board Chair for the Manitoba Mineral Development Fund additionally commented "Manitoba has a proud mining legacy for over a century and Snow Lake Lithium will ensure its continuity for the next century as Manitoba establishes itself as a critical member of the EV supply chain while playing an integral role in combatting climate change. We look forward to working with Snow Lake Lithium as they progress to production and beyond." Philip Gross CEO of Snow Lake Lithium commented "We are grateful for the support from the Manitoba government which is a vote of confidence in Snow Lake but more importantly demonstrates the constructive nature of our collaboration and relationship as we strategically execute on our path to lithium production. We look forward to working closely with the government of Manitoba in the coming months and years as we help to establish the province as a key facilitator in the North American fleet electrification."
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CPIX | Hot Stocks16:06 EST Cumberland's Caldolor approved for pre-operative administration - Cumberland Pharmaceuticals announced the FDA has approved expanded labeling for Caldolor, an intravenously delivered formulation of ibuprofen, to now include use in pre-operative administration. The non-narcotic pain reliever may now be administered just prior to surgery to enable patients to wake up from their procedure in significantly less pain. The newly FDA-approved label includes information regarding the product's indications and usage, appropriate patient populations, clinical study results, potential side effects, patient safety details, and instructions for use in pregnant women, children and other populations.
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EYE | Hot Stocks16:06 EST National Vision raises share repurchase authorization to $100M from $50M - National Vision Holdings announced that its Board of Directors has authorized an increase by $50 million to $100 million in the company's share repurchase program. Since the original $50 million program was authorized on November 8, 2021, approximately 1.0 million shares have been repurchased for a total consideration of $48.4 million. Reade Fahs, chief executive officer, stated, "The share repurchase authorization was initially established with the principal intent of offsetting share dilution related to equity grants. Although that objective remains, we also believe that the current share price offers the Company the ability to purchase shares at an attractive price which will benefit our long-term stockholders. We remain confident in our business model, and our ability to continue to generate strong cash flows and deliver sustainable growth." The Board's authorization permits the Company to make purchases of its Common Stock from time to time in the open market or privately negotiated transactions, and pursuant to pre-set trading plans meeting the requirements of all applicable securities laws and regulations. Shares may be repurchased under the program through December 30, 2023. The timing and amounts of any such repurchases will depend on a variety of factors, including the market price of the Company's shares and general market and economic conditions. The Company expects to fund the share repurchases using cash on hand.
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OM | Hot Stocks16:03 EST Outset Medical says Tablo Hemodialysis System gets 510k clearance from FDA - Outset Medical announced htat the FDA has granted 510k clearance for a new sterilization method of the cartridge utilized in its Tablo Hemodialysis System, enabling full production in North America. The Tablo cartridge is a single-use disposable that works in concert with the console to deliver dialysis treatment. Its "one-touch" design speeds and simplifies treatment set-up and take-down. The new FDA clearance enables Outset to start cartridge production through a manufacturing partner in Mexico, facilitating the localization of the cartridge, in addition to the Tablo console, in North America. In addition, the new location reduces the need for expensive and capacity-constrained air freight delivery of the cartridges, thereby simplifying distribution and logistics for the company, its customers and patients. "This clearance is an important milestone on our roadmap to continued gross margin expansion," said Leslie Trigg, President and Chief Executive Officer of Outset. "In addition to cost reduction, we also are now better able to optimize our manufacturing process and mitigate current supply chain challenges around lead time, capacity and logistics."
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CVCY | Hot Stocks16:02 EST Central Valley Community names Blaine Lauhon as new Chief Banking Officer - James J. Kim, President and CEO of Central Valley Community Bancorp is proud to announce the promotion of Blaine Lauhon to Executive Vice President, Chief Banking Officer, effective November 29, 2021. Lauhon will lead the strategic direction, management and profitability of CVCB's Banking Services division.
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MYPS | Hot Stocks16:02 EST Playstudios secures exclusive rights to Tetris franchise for mobile devices - Playstudios announced it is expanding into the popular puzzle game genre as the exclusive developer and publisher of the Tetris game franchise for mobile devices. Through a strategic partnership with The Tetris Company and N3TWORK, Playstudios has assumed the exclusive global, multi-title mobile rights (excluding China) for the Tetris game. Playstudios will continue to operate and advance the current Tetris mobile products, while reimagining and eventually launching a new and improved version of the game that incorporates the company's unique playAWARDS loyalty platform. The design of the new game will draw inspiration from leading casual game formats and embody new features and mechanics that will usher in a new era for Tetris on mobile. The current Tetris mobile app, which was introduced in early 2020 by N3TWORK, has generated approximately 30 million downloads to date, and has retained millions of active players who will now become part of the Playstudios' audience network. "For nearly forty years, Tetris has appealed to a broad, multi-generational audience," says PLAYSTUDIOS Founder, Chairman, and Chief Executive Officer Andrew Pascal. "Breaking into the puzzle genre with a storied brand like Tetris fits our strategy perfectly. It affords us the opportunity to integrate an iconic game into our playAWARDS loyalty program and drive meaningful growth."
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AERC | Hot Stocks16:00 EST AERC Stock trading resumes
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AERC | Hot Stocks15:47 EST AERC Stock trading halted, volatility trading pause
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CMRX | Hot Stocks15:35 EST BARDA to negotiate contract with Chimerix for smallpox therapeutic - A notice of intent dated Nov 29 was posted to the SAM.gov website, which states that the Office of the Biomedical Advanced Research and Development Authority, or BARDA, intends to negotiate a hybrid Cost Plus Fixed Fee and Firm Fixed Price sole source contract with Chimerix for the development and procurement of a smallpox therapeutic with a mechanism of action distinct from that of TPOXX and with an NDA accepted by the FDA. "The Government intends to negotiate solely with Chimerix, Inc. per FAR 6.302-1 as no other source will satisfy agency requirements," the notice states. Reference Link
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AMZN | Hot Stocks15:26 EST Retail union says NLRB to direct union election at Amazon's Bessemer facility - The Director of Region 10 of the National Labor Relations Board formally issued a Decision and Direction of a Second Election, granting workers at Amazon in Bessemer, Alabama a new election based on the Retail, Wholesale and Department Store Union's objections to Amazon's conduct during the union election conducted in the Spring of 2021, according to a statement from the RWDSU. Stuart Appelbaum, President of the Retail, Wholesale and Department Store Union issued the following immediate reaction: "Today's decision confirms what we were saying all along - that Amazon's intimidation and interference prevented workers from having a fair say in whether they wanted a union in their workplace - and as the Regional Director has indicated, that is both unacceptable and illegal. Amazon workers deserve to have a voice at work, which can only come from a union." The RWDSU charged Amazon with illegal misconduct during the union vote in Bessemer, Alabama. In August, the Hearing Officer who presided over the case determined that Amazon violated labor law; and recommended that the Regional Director set aside the results of the election and direct a second election. The date and method of the new election are yet to be determined. Reference Link
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OLMA | Hot Stocks15:23 EST Olema Pharmaceuticals trading halted, news pending
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WMT... | Hot Stocks15:08 EST FTC announces supply chain inquiry, asks for info from Walmart, Amazon, others - The Federal Trade Commission announced that it is ordering nine large retailers, wholesalers, and consumer good suppliers to provide detailed information that will "help the FTC shed light on the causes behind ongoing supply chain disruptions and how these disruptions are causing serious and ongoing hardships for consumers and harming competition in the U.S. economy." The orders are being sent to Walmart (WMT), Amazon.Com (AMZN), Kroger (KR), C&S Wholesale Grocers, Associated Wholesale Grocers, McLane Co, Procter & Gamble (PG), Tyson Foods (TSN) and Kraft Heinz (KHC). The companies will have 45 days from the date they received the order to respond. "Supply chain disruptions are upending the provision and delivery of a wide array of goods, ranging from computer chips and medicines to meat and lumber. I am hopeful the FTC's new 6(b) study will shed light on market conditions and business practices that may have worsened these disruptions or led to asymmetric effects. The FTC has a long history of pursuing market studies to deepen our understanding of economic conditions and business conduct, and we should continue to make nimble and timely use of these information-gathering tools and authorities," said Chair Khan. Reference Link
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GPS | Hot Stocks15:04 EST Justice Department announces settlement with Gap over discrimination claims - The Department of Justice has announced a settlement with Gap, resolving claims that Gap violated the Immigration and Nationality Act by routinely discriminating against certain non-U.S. citizens working for the company. The settlement with Gap resolves claims that the company discriminated against certain non-U.S. citizens - including lawful permanent residents, refugees and asylees - and naturalized U.S. citizens because of their current or prior immigration status. The department found that Gap discriminated against workers by re-verifying their permission to work, even though there was no legal reason to do so. The department also determined that Gap discriminated against some non-U.S. citizens because of their immigration status by requesting that they provide specific documents to confirm that they still had permission to work. The department concluded that Gap's reliance on an electronic human resource management system - which had electronic Form I-9 functions - contributed to the company's discriminatory conduct. As part of the settlement, Gap will pay $73,263 in civil penalties, provide back wages to an asylee and a lawful permanent resident who lost work because of Gap's practices, train thousands of its employees nationwide, ensure that its electronic programs are compliant with applicable rules, and be subject to monitoring and reporting requirements. The INA prohibits employers from unnecessarily re-verifying a worker's permission to work, or specifying the types of documentation a worker is allowed to show to prove permission to work, because of the worker's citizenship, immigration status or national origin. As a result, even when an employer has a legal requirement to check that a worker still has permission to work, the employer must allow the worker to present whichever acceptable documentation the worker chooses.Reference Link
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OLMA | Hot Stocks15:00 EST Olema Pharmaceuticals trading resumes
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OLMA | Hot Stocks14:55 EST Olema Pharmaceuticals trading halted, volatility trading pause
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CRVL | Hot Stocks14:46 EST CorVel director Hamerslag sells 5,000 common shares - In a regulatory filing, Corvel director Steven Hamerslag disclosed the sale of 5,000 common shares of the company on November 24 at a price of $198.62 per share.
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NVAX | Hot Stocks14:42 EST Novavax trading resumes
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NVAX | Hot Stocks14:37 EST Novavax trading halted, volatility trading pause
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KHC | Hot Stocks13:47 EST Kraft Heinz completes sale of natural cheese business for $3.3B - The Kraft Heinz Company announced that it has completed the sale of certain assets in its global cheese business and the license of certain trademarks to an affiliate of Groupe Lactalis for total consideration of approximately $3.3B, including cash consideration of approximately $3.2B. The transaction involves the divestiture of Kraft Heinz's natural, grated, cultured, and specialty cheese businesses in the U.S., its grated cheese business in Canada, and its grated, processed, and natural cheese businesses outside the U.S. and Canada. This divestiture includes the Company's global intellectual property rights to several brands, including, among others, Cracker Barrel, Breakstone's, Knudsen, Athenos, Polly-O, and Hoffman's, as well as the Cheez Whiz brand in the majority of countries outside the U.S. and Canada. The transaction also includes perpetual licenses for the Kraft and Velveeta brands that the Company will grant to Groupe Lactalis for certain cheese products. Kraft Heinz will retain its Kraft Singles, Velveeta processed cheese, and Cheez Whiz processed cheese businesses in the U.S. and Canada and its Kraft, Velveeta, and Cracker Barrel macaroni and cheese, Kraft sauces, and cream cheese, including Philadelphia cream cheese, businesses worldwide.
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ALPP | Hot Stocks13:33 EST Alpine 4 Holdings reports acquisition, plans to bring battery production to U.S. - Alpine 4 Holdings announced that it has acquired ElecJet / Real Graphene, which it calls "an industry pioneer in Lithium / Graphene battery manufacturing and design." The two companies, Real Graphene and ElecJet, merged earlier this year, resulting in the combination of the graphene intellectual property of Real Graphene and the power system/charging hardware of ElecJet. ElecJet and Alpine 4 are also exploring plans with the State of Indiana to convert its South Bend, Indiana facility into a U.S. battery production facility and bring graphene battery production to the United States, the company stated. Kent Wilson, CEO of Alpine 4, said: "Earlier this year, Sam Gong, CEO of ElecJet, and I began working on a battery power solution that could meet the enormous power needs of our future US-2 drone. It was obvious that a pure lithium battery was not the answer for the US-2 design protocol, and different technologies would have to be implemented. Graphene became the obvious answer for us. Graphene is an amazing conductor of electricity and substantially reduces heat within lithium batteries during the charging cycle. That reduction in heat and resistance in graphene enhanced batteries allows for increased charging speeds and extended battery life. The combined efforts of Alpine 4 and ElecJet culminated in two achievements. The first was recognizing that the business opportunities for ElecJet would be greatly enhanced as an Alpine 4 subsidiary. The second was that working together as one company, we could offer the electric vehicle market a new and compelling battery solution... This will bring the feasibility of vehicles that use our graphene batteries in line with the time it takes to fill a conventional vehicle with gas. We feel this is the game-changer for the EV market as well as other various commercial applications."
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LNDNF | Hot Stocks13:13 EST Lundin says 'no conclusive decisions' on potential value opportunities - Lundin Energy "has noted recent speculation in the markets." It said in a statement: "The Company continuously engages in opportunities that are potentially value accretive to its shareholders. In that context, the Company does at times hold discussions with various parties. As of today there are no conclusive decisions that have been made in relation to any such discussions."
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VALE | Hot Stocks12:24 EST Vale lowers 2021 iron ore production guidance to 315-320 Mt from 315-335 Mt - Vale has lowered its iron ore production guidance for 2021 million metric tons from its prior guidance of 315-335 million tons. Next year, Vale expects 320-335 million metric tons of iron ore production, the company announced as it updated its estimates. Vale sees 2023 EBITDA ranging from $16.5B-$24.0B, the company also stated. "Vale informs that it has discontinued all previous guidance, except of nickel, copper and CAPEX up to $5.4B for 2021," the company also announced along with other guidance. Reference Link
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VALE | Hot Stocks12:09 EST Vale trading resumes
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TWTR | Hot Stocks12:08 EST Elliott Investment Management says 'confident' in Twitter leadership change - Elliott Investment Management released the following statement on behalf of Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg regarding the leadership changes announced at Twitter: "Twitter is the leading global medium for real-time conversation and engagement, and our collaboration with Jack and the company for the past two years has been productive and effective. Twitter is now executing against an ambitious multi-year plan to dramatically increase the company's reach and value, and we look forward to the next chapter of Twitter's story. Having gotten to know both incoming Chairman Bret Taylor and incoming CEO Parag Agrawal, we are confident that they are the right leaders for Twitter at this pivotal moment for the company."
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ZNGA | Hot Stocks12:01 EST Zynga enters multi-year partnership with pro rally driver Ken Block - Zynga announced that NaturalMotion is the official game partner of professional rally driver Ken Block, for the popular mobile drag racing game, CSR Racing 2. In the game, players collect and tune the hottest and latest cars to compete on tracks.
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JMIA | Hot Stocks12:00 EST Jumia Technologies falls -10.9% - Jumia Technologies is down -10.9%, or -$1.48 to $12.16.
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SONX | Hot Stocks12:00 EST Sonendo falls -11.2% - Sonendo is down -11.2%, or -$1.29 to $10.21.
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LOCL | Hot Stocks12:00 EST Local Bounti falls -11.3% - Local Bounti is down -11.3%, or -$1.15 to $9.07.
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RRD | Hot Stocks12:00 EST R.R. Donnelley rises 9.9% - R.R. Donnelley is up 9.9%, or 92c to $10.21.
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FXLV | Hot Stocks12:00 EST F45 Training rises 11.6% - F45 Training is up 11.6%, or $1.13 to $10.91.
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LAC | Hot Stocks12:00 EST Lithium Americas rises 12.4% - Lithium Americas is up 12.4%, or $4.41 to $40.10.
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NSANY | Hot Stocks11:59 EST Nissan to introduce 20 new electric and e-Power vehicles in the next five years - Nissan unveiled Nissan Ambition 2030, the company's new long-term vision for "empowering mobility and beyond." "Responding to critical environmental, societal and customer needs, Nissan aims to become a truly sustainable company, driving towards a cleaner, safer, and more inclusive world," the car maker said. "With this vision, Nissan wants to deliver strategic value by empowering journeys offering confident, exciting, and more integrated experiences to customers, and through collaborations, empower society to build a smart ecosystem with integrated mobility. Over the next ten years, Nissan will deliver exciting, electrified vehicles and technological innovations while expanding its operations globally. The vision supports Nissan's goal to be carbon neutral across the life cycle of its products by fiscal year 2050." Based on customer demands for a diverse range of exciting vehicles, Nissan will introduce 23 new electrified models, including 15 new EVs by fiscal year 2030 aiming for an electrification mix of more than 50% globally across the Nissan and INFINITI brands. With the introduction of 20 new EV and e-POWER equipped models in the next five years, Nissan intends to increase its electrification sales mix across major markets by fiscal year 2026, including: Europe by more than 75% of sales; Japan by more than 55% of sales; China by more than 40% of sales; and the U.S. by 40% of EV sales in FY30. The company aims to accelerate the electrification of its vehicle lineup and rate of technology innovation with investments of JPY2T over the next five years. Reference Link
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VALN | Hot Stocks11:46 EST Valneva announces collaboration for production of inactivated COVID-19 vaccine - Valneva SE and IDT Biologika announced their collaboration for the production of Valneva's inactivated COVID-19 vaccine candidate VLA2001. This follows last week's announcement that Valneva signed an advance purchase agreement with the European Commission to supply up to 60 million doses of VLA2001, over two years, the company noted. Under the collaboration, IDT Biologika will produce VLA2001's drug substance at its Biosafety Level 3 facilities in Dessau-Rosslau, Germany, in addition to Valneva's manufacturing site in Livingston, Scotland. Thomas Lingelbach, CEO of Valneva, commented, "IDT is a well-established partner within Valneva's manufacturing network. As such we are extremely pleased to extend this partnership to supply VLA2001. This collaboration will help ensure our inactivated vaccine is available for rapid deployment as we continue to believe that our differentiated vaccine candidate can make an important contribution to the global fight against the COVID-19 pandemic."
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BFRI | Hot Stocks11:39 EST Biofrontera Inc trading resumes
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BFRI | Hot Stocks11:34 EST Biofrontera Inc trading halted, volatility trading pause
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EH | Hot Stocks11:29 EST EHang reports 216 autonomous aerial vehicle completes debut flight demo - EHang stated in a post to its corporate website: "The world's leading autonomous aerial vehicle EHang 216 completed its debut flight demonstration for aerial sightseeing in the world-famous tourism hotspot of Bali, Indonesia. This demonstration flight was conducted under EHang's cooperation with an Indonesian local partner Prestige Aviation, a subsidiary of Prestige Corp... Prior to the flight demo, the Directorate General of Civil Aviation of the Republic of Indonesia issued the Special Certificate of Airworthiness for the EHang 216 AAV, enabling it to be the Indonesia's first passenger-grade AAV approved for a public unmanned flight demo." Reference Link
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VALE | Hot Stocks11:20 EST Vale trading halted, news pending
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NVRO | Hot Stocks11:08 EST Nevro announces 'important clinical data publications' for treating PDN with HFX - Nevro announced what it identified as "three important clinical data publications" for treating Painful Diabetic Neuropathy, or PDN, with 10 kHz Therapy, including 12-month data from the SENZA-PDN Randomized Controlled Trial published online in "Diabetes Care," as well as real-world evidence and a comparative literature review of high vs. low frequency SCS evidence, both published in the "Journal of Diabetes Science and Technology." D. Keith Grossman, Chairman, CEO and President of Nevro, said: "These three important clinical data publications further expand the growing body of positive clinical evidence supporting the use of 10 kHz Therapy in treating PDN patients and continue to clearly demonstrate the safety, durability and consistency of pain relief and other outcomes that can be achieved with HFX for PDN in both clinical and real world settings. No conventional, low-frequency SCS treatments have demonstrated such positive results in treating PDN patients. We believe that these data, along with our robust clinical dossier, will help support expansion of payer coverage policies to exclusively cover 10 kHz Therapy for PDN. These data highlight our commitment to deliver comprehensive, life-changing solutions that continue to set the standard for enduring patient outcomes in chronic pain treatment."
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TWTR | Hot Stocks11:00 EST Twitter resumes trading after CEO change, shares up 5% to $49.27
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TWTR | Hot Stocks10:59 EST Twitter's Dorsey explains reasons for resigning as CEO in memo to staff - Twitter's Jack Dorsey stated in a tweet "not sure anyone has heard but, I resigned from Twitter" after the company had issued a press release announcing Dorsey has decided to step down as Chief Executive Officer and that the board has unanimously appointed Parag Agrawal as CEO and a member of the board, effective immediately. In his tweet, Dorsey included a copy of the memo he shared with Twitter staff to explain why he decided "it's finally time for me to leave," including three reasons he believes "now is the right time." Dorsey points to trust in Parag that he said is "bone deep"; Bret Taylor agreeing to become the company's board chair; and the team at Twitter. In the memo Dorsey added: "I want you all to know that this was my decision and I own it... And there aren't many founders that choose their company over their own ego. I know we'll prove this was the right move." Reference Link
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TWTR | Hot Stocks10:45 EST Jack Dorsey to remain on Twitter board until term expires in 2022
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TWTR | Hot Stocks10:42 EST Twitter names Parag Agrawal CEO with Jack Dorsey stepping down - Twitter announced that Jack Dorsey has decided to step down as Chief Executive Officer and that the board has unanimously appointed Parag Agrawal as CEO and a member of the board, effective immediately. Dorsey will remain a member of the board until his term expires at the 2022 meeting of stockholders. Bret Taylor was named the new Chairman of the Board, succeeding Patrick Pichette who will remain on the board and continue to serve as chair of the Audit Committee. Agrawal has been with Twitter for more than a decade and has served as Chief Technology Officer since 2017. "I've decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter's CEO is deep. His work over the past 10 years has been transformational. I'm deeply grateful for his skill, heart, and soul. It's his time to lead," said Dorsey. Bret Taylor, Twitter's incoming Independent Board Chair added, "Parag understands Twitter and appreciates the Company's unique potential. He has been instrumental in tackling our most important priorities, including accelerating our development velocity, and I know he'll hit the ground running to strengthen execution and deliver results. The Board has the utmost confidence in Parag."
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TWTR | Hot Stocks10:40 EST Twitter announces Jack Dorsey steps down, names Parag Agrawal CEO
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OPK | Hot Stocks10:27 EST Opko Health unit announces COVID-19 testing preparedness for Omicron variant - BioReference Laboratories, an Opko Health company, announced COVID-19 testing preparedness for the Omicron variant, stating that BioReference's PCR diagnostic tests for SARS-CoV-2 COVID-19 are based on recognizing specific RNA target genes that are common to all coronaviruses. "The emergence of the Omicron Variant should have no impact on our ability to diagnose the presence of COVID-19 with our lab based PCR platforms and point of care/rapid devices. We are committed to maintaining our existing testing capacity and increasing that capacity to mid-pandemic levels as the need arises," said Jon Cohen, M.D., Executive Chairman of BioReference Laboratories.
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BFRI | Hot Stocks10:26 EST Biofrontera Inc trading resumes
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BFRI | Hot Stocks10:21 EST Biofrontera Inc trading halted, volatility trading pause
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NVEI | Hot Stocks10:03 EST Nuvei approved to provide payment processing to sports wagering operators - Nuvei Corporation has announced that its wholly-owned subsidiary has been granted permission to provide payment processing services to daily fantasy sports and sports wagering operators in Louisiana. The approval by the Louisiana Gaming Control Board enables the Company to support online sports betting across the state.
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LOCL | Hot Stocks10:00 EST Local Bounti falls -8.4% - Local Bounti is down -8.4%, or -86c to $9.36.
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NTZ | Hot Stocks10:00 EST Natuzzi falls -8.7% - Natuzzi is down -8.7%, or -$1.48 to $15.52.
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SCO | Hot Stocks10:00 EST Scor ADR falls -9.8% - Scor ADR is down -9.8%, or -$1.56 to $14.41.
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AMAM | Hot Stocks10:00 EST Ambrx Biopharma rises 8.7% - Ambrx Biopharma is up 8.7%, or 94c to $11.74.
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CIAN | Hot Stocks10:00 EST Cian rises 8.8% - Cian is up 8.8%, or $1.30 to $16.00.
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RRD | Hot Stocks10:00 EST R.R. Donnelley rises 9.8% - R.R. Donnelley is up 9.8%, or 91c to $10.20.
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TWTR | Hot Stocks09:53 EST Twitter halted for news following report of Dorsey stepping down
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SCHL | Hot Stocks09:48 EST Scholastic names Mary Beech as Chief Marketing & Transformation Officer - Scholastic announced Mary Beech has been named Scholastic's Chief Marketing & Transformation Officer, effective January 1, 2022. Beech, who has been an independent director on Scholastic's Board since 2018, will resign from the board in advance of her new position, which reports directly to CEO and President Peter Warwick. In the new role for the company, Beech "will be charged with creating greater customer centricity, data-driven activations with a focus on digital, and connectivity throughout Scholastic to better serve educators, caregivers and children," the company said. Beech has most recently served as the CEO of Sarah Flint, a direct-to-consumer, luxury footwear brand for women.
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UNG | Hot Stocks09:47 EST United States Natural Gas Fund falls -8.7% - United States Natural Gas Fund is down -8.7%, or -$1.52 to $15.92.
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SCO | Hot Stocks09:47 EST Scor ADR falls -10.2% - Scor ADR is down -10.2%, or -$1.64 to $14.34.
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NTZ | Hot Stocks09:47 EST Natuzzi falls -12.4% - Natuzzi is down -12.4%, or -$2.11 to $14.89.
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RRD | Hot Stocks09:47 EST R.R. Donnelley rises 9.9% - R.R. Donnelley is up 9.9%, or 92c to $10.21.
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LPI | Hot Stocks09:47 EST Laredo Petroleum rises 10.5% - Laredo Petroleum is up 10.5%, or $6.05 to $63.77.
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CPE | Hot Stocks09:47 EST Callon Petroleum rises 11.2% - Callon Petroleum is up 11.2%, or $5.77 to $57.25.
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ALL | Hot Stocks09:46 EST Allstate to sell Northbrook campus for $232M - The Allstate Corporation announced it has reached an agreement to sell the property making up the majority of its campus in Northbrook, Illinois, to Dermody Properties for approximately $232 million. The sale is expected to close in 2022. Allstate is selling the property as employees have more choice about where they work and many are choosing to work from home. The company plans to keep a significant presence in the Chicago area, including its existing office space in downtown Chicago. The sale will also reduce real estate expenses and further advance Allstate's multi-year Transformative Growth initiative to increase personal property-liability market share by building a low-cost insurer with broad distribution.
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ADGI | Hot Stocks09:41 EST Adagio Therapeutics Inc trading resumes
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GE | Hot Stocks09:38 EST GE sees ending 2021 with $25B of consolidated net debt - General Electric's Vice President of Investor Relations Steve Winoker said in a letter posted on the company's website: "While recent concern regarding the Omicron Covid-19 variant is driving continued volatility across financial markets, and we are watching developments closely, I'd like to share some highlights that illustrate continued financial and operational momentum across GE. We continue to put GE on stronger financial footing with our most recent debt tender, which we upsized to $25 billion last week....A significant number of investors have shared with us their view of GE's leverage on a basis more similar to other large cap companies they own. That definition generally includes bonds less 100% of the cash, with mixed treatment of preferred equity which, while it has both debt and equity like characteristics, sits above common equity. Going forward, with the recent debt tender now behind us, we are adopting a similar perspective. On a simple, typical market method more comparable to our peers, focused on 100% of the bonds, preferred equity, and cash only, given the long-tailed nature of pension obligations, we expect to end 2021 with ~$25B and 2023 with ~$10B of consolidated net debt. As shown in the chart below, this translates to ending leverage of ~3 to 3.5x in 2021 and less than1.0X in 2023." Reference Link
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SVFD | Hot Stocks09:35 EST Save Foods reports first commercial sale of PeroSTAR - Save Foods announced the first commercial sales of its PeroSTAR product to two of the leading bell pepper packing houses in Israel's Arava region. After their positive experience trying Save Foods' treatment, the packing houses decided to fully integrate the Company's product in their treatment process to ensure the optimal quality and shelf life of their bell peppers. The Arava region produces approximately 60% of all of the fresh vegetables that Israel exports, and bell peppers are the leading crop, largely sold to Russia, North America, and the UK. This first commercial sale for the treatment of bell peppers in Israel comes on the heels of the Company's recent regulatory approval of its product by the California Department of Pesticide Regulation. That CDPR approval also covers bell peppers, a crop valued at $479 million in the United States, with California accounting for nearly 50% of peppers grown in that market.
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ADGI | Hot Stocks09:33 EST Adagio Therapeutics Inc trading halted, volatility trading pause
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CIT | Hot Stocks09:32 EST CIT Group served as coordinating lead arranger on $210M financing for project - CIT Group announced that its Power and Energy business served as coordinating lead arranger on $210M in financing for a solar project in Brazoria County, Texas. Located in the Greater Houston power market Brazoria West Solar Project is a utility-scale solar project with 260 megawatts of direct current generation capacity. Construction is underway, with commercial operation planned for 2022. The project was developed by Savion, an affiliate of Macquarie's Green Investment Group. Immediately upon closing, the project was sold to and the debt assumed by S&B US Energy, subsidiary of Shikun & Binui, a global Israeli infrastructure and real estate company. S&B US Energy will take over the development from closing through commercial operations. "Savion and the Green Investment Group are renowned for their expertise in the power generation space and we are pleased to collaborate with them to support their financing needs on this project," said Mike Lorusso, managing director and group head for CIT's Power and Energy business. "We are equally excited to help Shikun & Binui establish a foothold in the U.S. power and infrastructure markets as they continue to grow their portfolio here."
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PAIC | Hot Stocks09:30 EST Revelation Biosciences announces creation of Scientific Advisory Board - Revelation Biosciences announced it has created a scientific advisory board and appointed Catherine Blish M.D., Ph.D., and Paul Spearman M.D. to its scientific advisory board. Dr. Catherine Blish is a Professor of Medicine and Immunology and the Associate Dean for Basic and Translational Research at the Stanford University School of Medicine. Her research is dedicated to learning how to harness the immune system to prevent and cure diseases. Her lab studies host-pathogen interactions, with a particular focus on innate immune responses to a diverse array of pathogens including HIV, dengue virus, influenza, tuberculosis, and SARS-CoV-2. Dr. Paul Spearman is a Professor in the Department of Pediatrics at the University of Cincinnati School of Medicine, Director of the Division of Infectious Diseases and Albert B. Sabin Chair in Pediatric Infectious Diseases at Cincinnati Children's Hospital Medical Center.
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ESEA | Hot Stocks09:28 EST Euroseas announces charter contracts for M/V Synergy Oakland - Euroseas announced two new consecutive time charter contracts for its container vessel M/V "Synergy Oakland", a 4,253 TEU vessel built in 2009. Specifically: a new time charter contract for a period of between two and three months at a daily rate of $130,000, commencing between January 5th and January 25th when the vessel will be redelivered from its current charterer; and, immediately following the completion of the above charter, a new time charter contract for a period of a minimum of forty-eight and a maximum of fifty-one months at the option of the charterer at a daily rate of $42,000, commencing the latest by April 15th when the vessel will be redelivered from its previous charterer.
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BFRI | Hot Stocks09:28 EST Biofrontera announces pricing of $15M private placement - Biofrontera announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase of 2,857,143 shares of its common stock and warrants to purchase up to an aggregate of 2,857,143 shares of common stock, in a private placement. The combined purchase price for one share of common stock and a warrant to purchase one share of common stock is $5.25, priced at-the-market under Nasdaq rules. The warrants have an exercise price of $5.25 per share, will be immediately exercisable, and will expire five years from the issuance date. Roth Capital Partners and The Benchmark Company are acting as the exclusive placement agents for the private offering. The gross proceeds from the private placement offering are expected to be approximately $15 million. The private offering is expected to close on or about December 1, 2021, subject to the satisfaction of customary closing conditions.
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TWTR SQ | Hot Stocks09:28 EST Twitter soars after CNBC says Jack Dorsey stepping down - Shares of Twitter (TWTR) are moving higher after CNBC's David Faber reported that its CEO Jack Dorsey will be stepping down from his executive role. Faber cited sources for the news. Twitter in premarket trading is up 11% to $52.13 while Square, where Dorsey is also CEO, is up 3% to $219.40. Reference Link
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MAG | Hot Stocks09:27 EST MAG Silver closes $46M common share offering - MAG Silver is pleased to announce that it has completed its previously announced bought deal financing and has issued 2,691,000 common shares, including 15,700 Common Shares issued to MAG insiders and 351,000 Common Shares issued upon the full exercise of the over-allotment option, at US$17.15 per Common Share for gross proceeds of US$46,150,650. MAG intends to use the net proceeds of the Offering to fund exploration on Juanicipio and its other projects including Deer Trail, and to fund certain sustaining capital requirements at the Juanicipio Project not included in the initial project capital estimates, and for working capital and general corporate purposes. The Offering was led by BMO Capital Markets and Raymond James Ltd. as the joint bookrunners, together with a syndicate of underwriters consisting of Scotia Capital Inc., H.C. Wainwright & Co., LLC, Roth Canada, ULC, National Bank Financial Inc., Canaccord Genuity Corp. and TD Securities Inc.
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MDGS | Hot Stocks09:26 EST Medigus says Jeffs' Brands submits confidential draft registration statement - Medigus announced that its 50.03% owned subsidiary, Jeffs' Brands Ltd., a data-driven e-commerce company operating on the Amazon Marketplace, confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission relating to a potential initial public offering of its ordinary shares in the United States. The timing, number of ordinary shares to be offered and the price range for the proposed offering have not yet been determined.
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MRCY | Hot Stocks09:25 EST Mercury Systems acquires Atlanta Micro, terms not disclosed - Mercury Systems announced that it has acquired Atlanta Micro. Based in Norcross, Ga., Atlanta Micro is a leading designer and manufacturer of high-performance RF modules and components, including advanced monolithic microwave integrated circuits which are critical for high-speed data acquisition applications including electronic warfare, radar and weapons. Under the terms of the purchase agreement, Mercury acquired Atlanta Micro for all cash, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses were funded through Mercury's existing revolving credit facility. The acquisition is expected to have a non-material financial impact in Mercury's second fiscal quarter ending December 31, 2021. Atlanta Micro is expected to contribute approximately $16mm in revenue for the twelve months ending December 31, 2022, with adjusted EBITDA margins above 30%. The acquisition is expected to be immediately accretive to adjusted EPS.
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HYMTF | Hot Stocks09:23 EST Hyundai Motor partners with Siemens for digital mobility transformation - Siemens and Hyundai Motor Company and Kia Corporation announced a new technology partnership to accelerate their digital transformation and a new future of mobility-Hyundai and Kia has selected Siemens as the preferred bidder and strategic partner to provide next generation engineering and product data management through NX software and the Teamcenter portfolio from Siemens' Xcelerator portfolio of integrated software, services and development platform. Hyundai and Kia has evaluated and assessed various alternatives including incumbent solutions and selected Siemens' software.
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TWTR | Hot Stocks09:22 EST Twitter jumps 12% to $52.88 after CNBC says Jack Dorsey stepping down
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Z ZG | Hot Stocks09:22 EST TRC amends offer for Zillow Group - TRC Capital Investment Corporation announced that in view of current financial market conditions, TRC has amended the terms of its tender offer for up to 2,000,000 shares of Class C Capital Stock of Zillow Group and has decreased the offer price payable to US$55.00 per share from $61.20 per share. TRC also announced that its offer will still expire at 12:01 a.m. New York City time on December 15, 2021, unless further extended. As of close of business on Friday, November 26, 2021, no shares had been tendered. TRC will accept for payment and will pay for all shares validly tendered prior to the expiration date and not properly withdrawn in accordance with the terms of the offer. TRC will not be required to accept for payment or pay for any shares and may terminate the offer if certain conditions which, in the reasonable judgment of TRC in any such case, makes it inadvisable to proceed with the offer or with such acceptance for payment or payment. Stockholders of the Company who have already tendered their shares and have not withdrawn such shares need not take any additional action with respect to TRC's amended tender offer. These stockholders will receive the decreased offer price of US$55.00 per share in TRC's tender offer. TRC has amended its tender offer materials to reflect the decreased offer price and other relevant changes.
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XFLS | Hot Stocks09:20 EST XFuels enter LOI to acquire 516 oil, gas wells across Oklahoma, Kansas - Xfuels has entered a letter of intent to purchase 100% of the common stock of Jubilee Exploration, LLC, an oil and gas producer that currently controls 516 wells across 10 counties in North East Oklahoma and South East Kansas. This will mark the largest acquisition in Xfuels' history. Post-acquisition, Xfuels plans to focus on increasing oil and gas production from a core group of 142 Jubilee wells located in Craig and Nowata counties in Oklahoma. Xfuels expects that production from these wells could be improved to 2,500 MCFD within one year, and over 7,500 MCFD within two years. Annual revenue from these wells could therefore translate to $4,500,000 - $13,500,000, assuming the market price for natural gas remains at or near $5/MCF. Separate and apart from the revenue enhancement that Xfuels expects to realize in the coming years from the Jubilee purchase, the company also stands to bolster its balance sheet immediately upon closing. Specifically, Xfuels will be taking over 375 pumping units along with a wide range of other machinery and equipment that was appraised for over $15,000,000 at fair market value in 2018 by Expert Equipment Appraisal LLC. While many of the oil and gas assets in the Jubilee portfolio are now low producing or shut in, Xfuels expects to use Plasma Pulse Technology, along with other leading-edge extraction tools, to bring strategically targeted wells back to life. Xfuels will be acquiring Jubilee as a wholly owned subsidiary in exchange for 8,000,000 shares of its common stock and $100,000 in cash consideration with conditions, along with a 2.5% gross overriding royalty interest. The GOR will be capped at $1,500,000 and will be payable on all petroleum, natural gas liquids and natural gas mineral interests produced by the wells included in the purchase.
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FSLY GOOG | Hot Stocks09:20 EST Fastly announces Lakshmi Sharma as new Chief Product Officer - Fastly (FSLY) announced Lakshmi Sharma as its new Chief Product Officer, effective November 29, . Sharma brings more than 20 years of engineering and product development experience to Fastly and will spearhead the company's continued investment in products that enable developers to build modern, distributed applications and digital experiences that maximize performance, programmability, and security. Sharma has been building dynamic product organizations for decades, having most recently served as the Director of Product Management for Networking at Google Cloud (GOOG), where the end-to-end customer experience for network solutions crossing multiple industries was a key responsibility. With extensive experience across infrastructure, cloud, and security organizations, including product and engineering leadership roles at Target Corporation, Cisco, and Juniper Networks, she is poised to make significant contributions to Fastly's delivery, security, and edge compute portfolio. Sharma will report directly to Fastly CEO Joshua Bixby and will focus on the long-term product roadmap and innovation that empowers Fastly customers to develop, deliver, and secure modern distributed applications.
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DSAC NOTE | Hot Stocks09:18 EST FiscalNote announces acquisition of FrontierView - FiscalNote (NOTE) announces its acquisition of FrontierView. "FrontierView sits at the intersection of diversification and market development within FiscalNote's overall corporate strategy," said FiscalNote co-founder and CEO, Tim Hwang. "By further expanding our international coverage and enhancing our holistic content offerings, FrontierView aligns with our proven corporate pathway of rapid and durable growth through organic initiatives and opportunistic acquisitions." FrontierView will complement, reinforce, and enhance FiscalNote's existing political intelligence capabilities, while fully leveraging the company's portfolio within the global risk, ESG, and geopolitical advisory product suite. In addition, the nature of this acquisition will provide quick-to-market cross-selling and upselling opportunities to customers. On November 8, 2021, FiscalNote and Duddell Street Acquisition (DSAC), a publicly traded special purpose acquisition company, announced they have entered into a definitive business combination agreement that, upon closing, will result in FiscalNote becoming a publicly listed company with a pro forma market capitalization of approximately $1.3 billion. Upon closing, the combined company will operate under the FiscalNote name and trade on the Nasdaq under the ticker symbol "NOTE".
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ADIL | Hot Stocks09:16 EST Adial Pharmaceuticals announces preclinical data for PNV2 - Adial Pharmaceuticals announced positive pre-clinical data for PNV2 in an animal model of triple negative breast cancer. Based on the strength of this data, Purnovate, Inc., a wholly owned subsidiary of Adial Pharmaceuticals, Inc., plans to advance PNV2 as the lead compound for its cancer program. PNV2 was tested in a metastatic breast cancer model with the primary endpoint being the amount of cancer metastases into the lungs after 28 days following orthotopic implantation of breast cancer. Study highlights: Luciferase-engineered triple-negative breast cancer cells MDA-MB-231 were implanted in the mammary fat pad in female mice. Tumors grew over 28 days and were treated intratumorally three times a week. An active group was treated with PNV2 in solution and a control group (n=10) was treated with only the solution. Metastasis into the lungs was then determined by measuring the amount of luciferase activity, which indicates the amount of cancer in the lungs. In the control group, 30% of the mice had large, well-established secondary tumors in their lungs with luciferase activity of greater than 1585 AU in each mouse, while the PNV2 group appeared to have no large secondary tumors in the lungs of any mouse and luciferase activity of not more than 356 AU in any mouse. PNV2 has been tested to be more than 1000-fold selective over the adenosine A1 receptor, which is known to have cardiovascular and central nervous system effects that have limited the usefulness of adenosine analogs as treatments. Historically, when selectivity has been achieved over the A1 receptor, water solubility has decreased, making effective tissue distribution in the human body difficult to achieve. However, PNV2 has demonstrated solubility more than 50 times greater than other known selective adenosine compounds of the same class. Solubility is often an important characteristic of successful drug candidates, and Purnovate believes solubility is a particularly important characteristic in determining the drug development potential of molecules of this class.
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HLTH | Hot Stocks09:16 EST Cue Health confirms COVID-19 tests can detect Omicron variant - Cue Health announced it has completed an analysis of the SARS-CoV-2 B.1.1.529 variant, designated by the World Health Organization as Omicron. Using information from the GISAID database, Cue has determined its COVID-19 tests, which uses molecular, NAAT, technology, can detect the Omicron variant. Specifically, Cue found that 99.2% of the available 127 published sequences are a perfect match to the primers used in the Company's tests. "Our molecular test is backed by the science and technology necessary to detect emerging variants, including Omicron, enabling individuals and healthcare practitioners to make better-informed decisions," said Ayub Khattak, Co-Founder and CEO of Cue. "Fast and accurate testing that is bolstered by a scientist-led surveillance and monitoring system, which identifies and analyzes variants in real time, will continue to play a critical role in producing actionable health data, preventing community spread and driving better outcomes."
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DBD | Hot Stocks09:14 EST Diebold 's DN Series ATMs deployed by Piraeus Bank - Piraeus Bank, a Greek multinational financial services company, is the first bank in the country to widely adopt automatic cash recycling by deploying more than 300 DN Series ATMs from Diebold Nixdorf. By upgrading to the industry's latest self-service technology, Piraeus Bank will support its commitment to sustainability as the DN Series will significantly reduce power consumption and CO2 emissions during the ATMs' life span. The DN Series family is made of recycled and recyclable materials and is 25% lighter than most traditional ATMs. This reduces CO2 emissions, both in the manufacturing and transportation of components and terminals. The cash recycling technology reduces cash-in-transit costs, which also minimizes carbon emissions. In addition, all DN Series ATMs use state-of-the-art LED technology and highly efficient electrical systems, resulting in up to 50% power savings versus traditional ATMs.
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NBRV | Hot Stocks09:13 EST Nabriva Therapeutics says lefamulin NDA filed in Mainland China - Nabriva Therapeutics announced that its partner, Sumitomo Pharmaceuticals' Co., Ltd., new drug application to market oral and intravenous formulations of lefamulin for the treatment of community-acquired pneumonia in adults in mainland China has been accepted for review by the Chinese Center for Drug Evaluation, China's regulatory authority, on November 23, 2021. In May 2021, Nabriva entered into an agreement for the development and commercialization rights for lefamulin in the greater China region with Sumitomo Pharmaceuticals, the Chinese subsidiary of Sumitomo Dainippon Pharma Co., Ltd. Lefamulin, once approved, is expected to become a new, first in class treatment for Chinese patients with CAP.
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MMLP | Hot Stocks09:12 EST Martin Resource Management announces Alinda Capital/Senterfitt transaction - Martin Resource Management Corporation which through its wholly owned subsidiary owns a 51% voting interest n MMGP Holding , the sole owner of Martin Midstream which is the general partner of Martin Midstream Partners announced today that Senterfitt Holdings indirectly acquired the 49% voting interest in Holdings owned by certain affiliated investment funds managed by Alinda Capital Partners by purchasing certain entities from Alinda. Senterfitt is a privately held investment entity owned by Ruben S. Martin, III, President and Chief Executive Officer of MRMC. "I am pleased to have the opportunity to simplify the structure of the General Partner and to consolidate control back under the Martin umbrella," said Mr. Martin, "and in doing so show my personal commitment and support to MMLP and its management team." As part of the announced transaction, Martin Resource , a wholly-owned subsidiary of MRMC, has entered into call option agreements with the Senterfitt subsidiaries, which own the membership interest in Holdings. Subject to certain conditions, MRLLC will have the right, but not the obligation, to purchase all of the membership interests of Holdings owned by such subsidiaries for a period of ten years. At closing, the General Partner amended and restated its limited liability company agreement to revise corporate governance procedures and eliminate Alinda's preferential right with respect to the board appointment process, which had expanded the Board of Directors of the General Partner to seven members and provided Alinda with the preferential right to appoint three members. The elimination of the preferential right results in the reduction of the Board to five members, at least three of which are required to be independent in accordance with SEC and NASDAQ requirements. Upon closing, Holdings reappointed Ruben S. Martin, III, Robert D. Bondurant, Byron Kelley, C. Scott Massey and James Collingsworth to serve on the Board.
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CHGG | Hot Stocks09:12 EST Chegg announces proposed $300M accelerated share repurchase plan - Chegg announced that its board of directors authorized Chegg to enter into a proposed accelerated share repurchase, or ASR, transaction to repurchase $300M of Chegg's common stock. The company intends to enter into an ASR transaction with a financial institution during Q4, subject to market conditions. The proposed ASR transaction will be effectuated pursuant to Chegg's previously announced $1B securities repurchase program that was announced earlier this month.
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SRNE | Hot Stocks09:12 EST Sorrento Therapeutics publishes abivertinib teaser - Sorrento Therapeutics announced the publication of a Teaser titled "Abivertinib - a Franchise Oral Therapeutic for Cancer, COVID-19 and Autoimmune Diseases". Sorrento intends to use the Abivertinib Teaser to engage in discussions with interested third parties in the pharmaceutical industry. The key highlights of the Abivertinib Teaser are outlined below. Abivertinib for COVID-19: 100 mg once-a-day oral capsule for hospitalized COVID-19 patients: US trial and Brazil trial: For Severe Ordinal Scale Category 5 COVID-19 Patients identified to be beneficial with Abivertinib treatment at Day 28: Abivertinib reduced the risk of death or respiratory failure: by 48% in US trial; by 45% in Brazil trial. Abivertinib reduced the ICU stay: by 2 days in the US trial. Abivertinib for Cancer Indications: NSCLC - Among 209 response evaluable NSCLC patients who developed resistance to first line Tyrosine Kinase Inhibitors: 93.3% subjects achieved tumor shrinkage at target lesions; 57.4% subjects achieved the best ORR; 52.2% subjects achieved confirmed PR; 24.9 months OS,B-Cell Lymphoma: 63.6% ORR; 95.5% DCR; 19.7 Months PFS. Abivertinib - A Broad Pipeline for Cancer, COVID-19 and Autoimmune Diseases.
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EBAY | Hot Stocks09:11 EST eBay acquires Sneaker Con authentication business - eBa and Sneaker Con Digital have entered into a definitive agreement under which eBay has acquired Sneaker Con's authentication business, a leading sneaker authenticator with operations in the U.S., U.K, Canada, Australia and Germany. The acquisition is an extension of the ongoing collaboration between eBay and Sneaker Con. The service, which eBay launched in October 2020, offers full vetting and verification of select sneakers bought on the marketplace by a team of Sneaker Con's industry experts. "eBay has always been a vibrant community of enthusiasts, with deeply knowledgeable buyers, sellers and employees," said Jordan Sweetnam, SVP and General Manager of eBay North America. "We partnered with Sneaker Con to launch sneaker authentication on eBay last year because the team shared our passion for the category - with best-in-class capabilities to deliver what our customers want most. The response to our authentication offering has been overwhelming, and this acquisition allows us to continue to transform eBay and bring a higher level of trust and confidence to every transaction." eBay is acquiring Sneaker Con Digital, Sneaker Con's authentication business, and the companies have signed and closed the deal as of November 24, 2021. Further details were not disclosed.
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MSTR | Hot Stocks09:10 EST MicroStrategy sold 571,001 shares to buy 7,002 bitcoins over last two months - MicroStrategy announced that between October 1 and November 29, it purchased 7,002 bitcoins for $414.4M in cash, at an average price of approximately $59,187 per bitcoin, inclusive of fees and expenses. As of November 29, MicroStrategy holds 121,044 bitcoins that were acquired at an aggregate purchase price of $3.57B and an average purchase price of approximately $29,534 per bitcoin, inclusive of fees and expenses. As previously disclosed on June 14, the company entered into an open market sale agreement with Jefferies, pursuant to which the company may issue and sell shares of its class A common stock, having an aggregate offering price of up to $1B from time to time. Between October 1 and November 29, MicroStrategy had issued and sold an aggregate of 571,001 shares under the sale agreement, at an average gross price per share of $732.16, for aggregate net proceeds of $414.4M.
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HLBZ | Hot Stocks09:10 EST Helbiz Media partners with ESPN to stream NCAA Football, Basketball in Italy - Helbiz (HLBZ) announced an agreement between Helbiz Media, the media division of Helbiz, and ESPN, that is part of Disney (DIS), to acquire the OTT rights to stream the NCAA Football and the NCAA Basketball championships on the Helbiz Live platform in Italy. Through this agreement, Helbiz Live will stream two regular season NCAA football and basketball games each week, live and on demand for the upcoming three seasons. Fans will also be able to enjoy the NCAA football playoffs with access to view 10 bowl games, including the semifinals and finals. The NCAA basketball postseason schedule will feature 20 live and on demand games, including the March Madness tournament, the Final Four and championship game. All NCAA football and basketball championships will be broadcast throughout Italy in Italian and English. Helbiz Live provides all subscribers with access to stream the most popular college sports championships in the United States at no additional cost. This will offer all Helbiz Live customers additional premium sports content and will provide access to those who were not previously able to access these competitions.
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SEEL | Hot Stocks09:08 EST Seelos Therapeutics enters exclusive license agreement with iX Biopharma - iX Biopharma announced today that it has, through its subsidiary, entered into an exclusive license agreement with Seelos Therapeutics. Under the agreement, iX Biopharma will license to Seelos its lead drug under development, Wafermine, a sublingual racemic ketamine wafer, and other products incorporating R- and S- enantiomers of ketamine utilising the WaferiX technology. iX Biopharma will receive a $9M upfront payment to be satisfied in cash and shares. iX Biopharma is also eligible for up to $239M in milestone payments upon achievement by Seelos of certain development milestones and product sales thresholds. iX Biopharma will also receive double digit royalties on future net sales of any Licensed Product. Seelos will fund all future development, manufacturing and commercialisation of the Licensed Products. "The licensing of the WaferiX drug delivery platform for sublingual ketamine broadens Seelos' ketamine franchise with formulations that we believe will be suitable for both acute and chronic dosing. This should enable us to study additional indications beyond our current focus," said Raj Mehra, Ph.D., Chairman and CEO of Seelos. "The pharmacokinetics, pharmacodynamics and safety profile that has been demonstrated to date suggests a formulation that has the potential of being prescribed with less restrictions than current formulations. Our team is excited to be able to study additional indications with this very innovative technology." Under the terms of the agreement, Seelos will have exclusive worldwide rights for Wafermine except China, and worldwide rights to products incorporating R- and S- enantiomers of ketamine being developed using iX Biopharma's WaferiX technology. iX Biopharma will retain exclusive rights to Wafermine in China.
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STM | Hot Stocks09:07 EST STMicroelectronics announces ST31 secure microcontroller - STMicroelectronics is facilitating advanced security for contact and contactless payment cards, ID cards, and transport ticketing with its latest-generation ST31 secure microcontroller. The ST31N600, based on ST's 40nm eSTM technology, integrates circuitry for energy harvesting and additional connectivity used by biometric and dynamic card verification applications, enabling battery-free smartcards to provide enhanced user authentication in contactless and online transactions. Based on the latest-generation Arm SecurCore architecture for secure microcontrollers, the ST31N600 meets EMV ISO 7816, ISO 14443, and ISO 18092 standards for contact and contactless cards and lets designers securely connect various types of peripherals to introduce value-added card features.
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NUAN | Hot Stocks09:07 EST Nuance launches AI-powered Precision Imaging Network - Nuance Communications launched the Nuance Precision Imaging Network, an AI-powered cloud platform that delivers patient-specific data and insights from diagnostic imaging into existing clinical and administrative workflows across the healthcare ecosystem. The Nuance Precision Imaging Network connects imaging stakeholders and facilitates the use of AI to inform precision diagnostics and therapeutics, increase physician efficiency, and lower overall healthcare costs. "Nuance recognizes that almost every patient story starts with a diagnostic image. The Nuance Precision Imaging Network is the only nationwide patient-centered diagnostic imaging platform that seamlessly delivers AI-generated patient information into the full array of clinical and administrative workflows across provider, payer, and life science use cases," said Peter Durlach, Chief Strategy Officer, Nuance. "By leveraging Nuance's unmatched scale in diagnostic imaging built up over the past 25 years and a robust partner ecosystem, the Nuance Precision Imaging Network establishes a common cloud-based framework that enables all stakeholders to apply rapid advances in imaging AI to improve clinical outcomes, financial performance, and efficiency across the entire patient journey from screening through follow-up."
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AMZN GILD | Hot Stocks09:07 EST Gilead and AWS team on development and delivery of new medicines for patients - Amazon Web Services an Amazon (AMZN) company announced that Gilead Science (GILD), has selected AWS as its preferred cloud provider. Innovating on AWS and with the help of AWS experts and partners in healthcare and life sciences, Gilead provides its data scientists with the latest advances in machine learning and analytics. These capabilities fuel data-driven decision making across the organization-from biomarker discovery through manufacturing and clinical trial recruitment-and deliver insights that can help Gilead refine its drug pipeline. The company also relies on AWS to host all workloads for its enterprise resource planning transformation project to implement SAP S/4HANA. treat the individual according to their unique needs, not just the disease," said Marc Berson, Senior Vice President and Chief Information Officer at Gilead. "AWS's performance, infrastructure, and scale are the foundations on which we will complete our ERP transformation and become a more efficient, agile, secure, and data-driven business in the cloud." Gilead is reimagining its bioinformatics compute infrastructure in the world's leading cloud. The use of AWS's compute, machine learning, and database capabilities will support the analysis and integration of diverse genomics, imaging, and experimental datasets to support breakthroughs in how Gilead diagnoses and treats diseases. For instance, by securely analyzing deidentified patient genomic data at scale on AWS to reveal patterns, Gilead can uncover insights on how people living with cancer respond to existing therapeutic options, potentially accelerating the discovery of new treatments.
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HIMS UBER | Hot Stocks09:05 EST Hims & Hers partners with Uber for on-demand delivery - Hims & Hers (HIMS) announced its largest on-demand delivery partnership with Uber Technologies (UBER), to bring a wide array of the company's personal care products to customers through the Uber Eats app. Starting immediately, customers in Los Angeles, San Francisco, Sacramento, Miami, Houston, Austin, Dallas, San Antonio, Philadelphia, Seattle, Atlanta and Phoenix will be able to access Hims & Hers products through the Uber Eats app, with plans for expansion into new markets on the horizon.
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UPH | Hot Stocks09:05 EST UpHealth appoints Darren DeRosa as Chief People Officer - UpHealth announces the appointment of its new Chief People Officer, Darren DeRosa, who joins the UpHealth executive leadership team effective immediately. Prior to joining UpHealth, DeRosa served as the senior vice president of Business Optimization and People at Amplity Health. At UpHealth, DeRosa will initially focus on accelerating various corporate integration activities and hiring and retaining top talent. Additional initiatives include building UpHealth's company culture with a focus on diversity, equity and inclusion to align with the company's goal of reshaping healthcare to bridge global healthcare disparities.
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QLYS AMZN | Hot Stocks09:04 EST Qualys cloud agent achieves AWS Graviton Ready designation - Qualys (QLYS) announced it achieved the AWS Graviton Ready designation, part of the Amazon (AMZN) Web Services, AWS, Service Ready Program. This designation recognizes the successful integration of the Qualys Cloud Agent with AWS Graviton Service. The new integration allows joint customers to take use AWS Graviton2 ARM architecture while leveraging Qualys' Cloud Platform to secure their critical assets with a single IT, security, and compliance platform. Using the Qualys Cloud Agent, customers can activate multiple Qualys applications. "Qualys is proud to build on its history of innovation and to work with AWS on its next-generation Graviton2 processor," said Sumedh Thakar, president and CEO of Qualys. "Our customers leverage the Qualys Cloud Platform to prevent, detect, and remediate cyber threats across their enterprise. Now they can achieve their security and compliance goals while benefitting from the cost efficiency and performance of modern infrastructure like AWS Graviton".
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PHG | Hot Stocks09:04 EST Philips extends AI-enabled CT imaging portfolio at RSNA 2021 - Royal Philips announced new additions to its CT imaging portfolio at the Radiological Society of North America annual meeting. The new CT 5100 - Incisive - features CT Smart Workflow, a comprehensive suite of artificial intelligence enabled capabilities designed to accelerate CT workflows, enhance diagnostic confidence, and maximize equipment up-time, helping imaging services to enhance patient outcomes, improve department efficiency, reduce operational costs, and meet ambitious financial objectives. CT 5100 - Incisive - with CT Smart Workflow includes Philips' Tube for Life guarantee, which over the lifetime of the scanner can potentially lower operating expenses by an estimated USD 420,000. This newest CT innovation from Philips also provides access to Philips' Technology Maximizer program, which provides users with the latest software and hardware updates as they are released.
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JNJ | Hot Stocks08:58 EST Johnson & Johnson pursuing omicron-specific variant vaccine - Johnson & Johnson said in a statement: "In collaboration with academic groups in South Africa and around the world, the Company has been evaluating the effectiveness of its COVID-19 vaccine across variants, including now the new and rapidly spreading Omicron variant. The Company is testing blood serum from participants in completed and ongoing booster studies to look for neutralizing activity against the Omicron variant. In addition, the Company is pursuing an Omicron-specific variant vaccine and will progress it as needed." Reference Link
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LAND | Hot Stocks08:58 EST Gladstone Land acquires 165 gross acres of farmland in Oregon for $2.4M - Gladstone Land announced that it has acquired 165 gross acres of farmland located near Milton-Freewater, Oregon, for approximately $2.4M. In connection with the acquisition, Gladstone Land entered into a 10-year, triple-net lease agreement with an existing tenant who is a leader in the wine industry. "We are excited to make another acquisition in Oregon," said Tony Marci, Managing Director for Gladstone Land. "Our tenant will plant a vineyard on this land, which is located within the Walla Walla Valley AVA. The property is in a beautiful setting on land overlooking the Walla Walla Valley." "This land, with established water rights, will be a great addition to our portfolio," said David Gladstone, President and CEO of Gladstone Land. "We are pleased to expand the relationship with our tenant and help them to continue providing premium wines to their customers."
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IBIO | Hot Stocks08:56 EST iBio announces update for IBIO-202 program in light of Omicron variant - iBio announced an update for its lead COVID-19 vaccine program, IBIO-202, in light of the emergence of the Omicron variant of SARS-CoV-2. On November 26, 2021, the World Health Organization's Technical Advisory Group on SARS-CoV-2 Virus Evolution classified Omicron as a Variant of Concern. According to the WHO, the Omicron variant has at least 30 mutations in the spike protein, which has been the target of first-generation COVID-19 vaccines. The Company believes that the N protein represents an important target for next-generation COVID-19 vaccines for several reasons. First, the N protein is abundantly expressed during infection and contains multiple immunogenic epitopes. Second, the N protein is more highly conserved than the S protein, and therefore, new variants may be less likely to escape vaccine protection. Third, research has shown that the N protein appears to be significantly more effective than the S protein in stimulating antibody-dependent natural killer cell activation, a critical element of the adaptive immune response that the SARS-CoV-2 virus attempts to evade
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SVOK BOXD | Hot Stocks08:55 EST Boxed, Seven Oaks announce up to $100M forward-purchase agreement - Boxed and Seven Oaks Acquisition provided updates related to their proposed business combination. Seven Oaks has entered into a forward purchase agreement for up to $100 million with an affiliate of Atalaya Capital Management, a privately held, SEC-registered alternative investment advisory firm that focuses primarily on private credit and special opportunities investments. Please refer to Seven Oaks' current report on Form 8-K, filed today with the SEC, for additional information. On June 13, 2021, Boxed and Seven Oaks entered into a definitive agreement relating to the business combination that would result in Boxed becoming a public company upon the closing of the transaction. Boxed also announced its intention to list on the New York Stock Exchange upon the closing of the business combination, which is expected in the fourth quarter of 2021. The combined company will be called Boxed, Inc. and its common stock and warrants are expected to list on the NYSE under the new ticker symbols "BOXD" and "BOXD WS," respectively.
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ETRGF | Hot Stocks08:54 EST Entourage Health launches cannabis-infused soft chews for Starseed line - Entourage Health is pleased to announce it has entered into a commercial arrangement with Olli Brands Inc. to produce a suite of cannabis soft chews for sale under the Company's Starseed Medicinal brand. Product availability is expected to commence on November 30, 2021. The edible cannabis products will be available in CBD, THC and 1:1 soft chews for exclusive, initial release in two-unit packages, via Entourage's medical channel, Starseed Medicinal in the following flavours: strawberry-elderberry, pineapple-tangerine, and lemon-lime. Entourage recently completed R&D trials alongside OBi, producing multiple product formulations that yielded strong and favourable results which could provide additional product expansion opportunities. Obi is a highly skilled, third-party, white-label processor widely recognized in Canada for consistently and safely producing premium edible cannabis products. OBi operates from its sophisticated manufacturing facility in Etobicoke, Ontario.
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ARTL | Hot Stocks08:52 EST Artelo Biosciences sees funding well into 2023 - As of August 31, 2021, the Company had approximately $10,065,408 in cash and marketable securities, compared to $2,142,072 as of August 31, 2020.
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BCRX | Hot Stocks08:50 EST BioCryst begins patient enrollment in REDEEM-2 trial of BCX9930 - BioCryst announced the enrollment of the first patient in the REDEEM-2 pivotal trial with its oral Factor D inhibitor, BCX9930, in patients with paroxysmal nocturnal hemoglobinuria. REDEEM-2 is a randomized, placebo-controlled trial evaluating the efficacy and safety of BCX9930 as monotherapy versus placebo in approximately 57 PNH patients not currently receiving complement inhibitor therapy. In part 1 of this trial, patients will be randomized 2:1 to receive BCX9930 or placebo under double-blind conditions for 12 weeks. All patients will receive BCX9930 in part 2 to assess the long-term safety, tolerability and effectiveness of BCX9930, with patients randomized to placebo in part 1 switching to BCX9930 at the week 12 visit. The primary endpoint of REDEEM-2 is change from baseline in hemoglobin, as assessed at week 12. REDEEM-2 is powered at 90 percent to detect a difference in mean change from baseline of hemoglobin of greater than or equal to 2.15 g/dL at 12 weeks. In a dose-ranging trial of BCX9930 in treatment-naive patients, the company previously reported that BCX9930 increased hemoglobin from baseline by a mean of 3.7 g/dL at week 12 and eliminated transfusions. BCX9930 was safe and generally well-tolerated in the trial. BioCryst also is preparing to enroll patients in the REDEEM-1 pivotal trial, a randomized, open-label, active, comparator-controlled comparison of the efficacy and safety of BCX9930 monotherapy in approximately 81 PNH patients with an inadequate response to a C5 inhibitor. Additionally, the company is initiating a proof-of-concept trial of BCX9930 in renal complement-mediated diseases. The U.S. Food and Drug Administration has granted both Fast Track status and Orphan Drug Designation to BCX9930 for PNH.
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YCBD AMZN | Hot Stocks08:49 EST cbdMD in multi-year partnership with Amazon platform partner Amify - cbdMD (YCBD) announced their multi-year exclusive agreement with Amify, an Amazon (AMZN) platform partner, to prepare for the inclusion of CBD products within the Amazon marketplace. Amify, which specializes in Amazon go-to-market strategies, content creation and operational excellence, will act as cbdMD's exclusive CBD partner to launch products on the Amazon platform as soon as the category is accepted and becomes available. This partnership includes all the leading and award-winning cbdMD branded products, including cbdMD's gummies, tinctures, gelcaps and topicals, as well as the award-winning Paw CBD animal brand. In addition, the new line of skin care and beauty products under the brand cbdMD Botanicals will also be available. Interest in CBD becoming more readily available has grown exponentially since the passage of the Farm Bill in 2018, and cbdMD believes Amazon is expected to become a major platform to distribute CBD products. To prepare for the category inclusion, cbdMD has worked with Amify to create seller central accounts, build product pages and other essential components of cbdMD's Amazon store and established Amazon launch strategies in order to fully utilize the Amazon platform. Aside from assisting brands in effective brand and product marketing with their award-winning advertising and content, Amify also works to manage storefronts, oversee the inventory and demand planning and handle customer service and returns with an expert in-house team. Amify refers to its unique approach as being a provider of "Amazon-as-a-Service." The company is responsible for creating, developing and executing effective customized Amazon strategies that align with broader sales and ecommerce goals. With this exclusive partnership, cbdMD is poised to fully integrate their digital marketing, content curation and product innovation with the world's largest online retailer. "As an industry, this is the moment we've all been waiting for, and we believe we are close. When a global retailer like Amazon is ready to accept your products, you get your strategy prepared and perfected so you're ready to go to market as soon as possible. That's exactly what this partnership represents. We are already one of the largest online CBD businesses in America, and this distribution channel will play into our strength. We are excited to be at the forefront of this category inclusion and we're taking all the necessary steps to properly prepare for launch. Whenever that launch is, we'll be ready," said Chairman & Co-CEO Martin Sumichrast.
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CLSN | Hot Stocks08:49 EST Celsion to present poster at Cytokine-Based Cancer Immunotherapies Summit - Celsion Corporation announces that Khursheed Anwer, Ph.D., executive vice president and chief science officer, will be making a presentation on the Company's GEN-1 interleukin 12 immunotherapy program at the Cytokine-Based Cancer Immunotherapies Summit being held in Boston on November 30 to December 2, 2021. Dr. Anwer's presentation, titled "A Non-Viral Gene Therapy Approach to IL-12 Delivery for The Treatment of Cancer," will be delivered on December 2 at 8:10 a.m. Eastern time. The Company was invited to submit a poster presentation which aligns with Dr. Anwer's oral presentation on the GEN-1 IL-12 program. The poster presentation will contain a subset of his presentation slides. Dr. Anwer will also be participating in two panel discussions. In his presentation, Dr. Anwer will be discussing how local delivery of IL-12 without significant systemic toxicity is feasible with a non-viral gene therapy approach that involves administration of an IL-12 plasmid with a synthetic DNA delivery system. Dr. Anwer will also be discussing how weekly intraperitoneal administration of GEN-1 yields durable increases in IL-12 and IFN-, and why repeated weekly administration of GEN-1 in combination with standard chemotherapy remodels the tumor immune environment to favor immune stimulation over immune suppression.
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SCYX | Hot Stocks08:47 EST Scynexis to host ibrexafungerp hospital pipeline update call on December 6 - SCYNEXIS announced that it will host a hospital pipeline update for its novel antifungal, ibrexafungerp, during a webcast on Monday, December 6, at 10 a.m. ET. The webcast event will feature a presentation from Martin Hoenigl, M.D., Associate Professor, FECMM, Division of Infectious Diseases of the University of California, San Diego, who will discuss emerging infectious diseases and the critical unmet need for novel antifungals for use in the hospital setting. Following Dr. Hoenigl's presentation, SCYNEXIS executives will provide an overview of the Company's updated pipeline and product development strategies, including plans to expand the labeling of ibrexafungerp in the hospital setting.
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HCDI BRMK | Hot Stocks08:47 EST Harbor Custom Development enters commitment with Broadmark Realty Capital - Harbor Custom Development (HCDI) announced that it has entered into a preliminary commitment for $19,129,000 in construction financing with Broadmark Realty Capital (BRMK) for 126 units of the first phase of Harbor's 228-unit Apartment complex located in Belfair, Washington. Located in the town of Belfair in North Mason County, the 228-unit apartment project currently under construction is conveniently situated adjacent to highway SR 3 and provides views of the Puget Sound and the Olympic Mountains. Belfair is approximately a 15-minute drive to downtown Bremerton, the Seattle ferry, and the Kitsap Naval Base, a major contributor to a robust defense economy with approximately 40,000 employees tied to the military and defense industry in the area.
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TBLA FRNWF | Hot Stocks08:46 EST Taboola, Future plc announce multi-year renewal of partnership - Taboola (TBLA) announced a multi-year renewal of its partnership with Future (FRNWF) to boost engagement rates, revenue and audience numbers. The new three-year agreement takes the two companies to more than a decade in partnership. Future's large portfolio spans multiple sectors including technology, games and entertainment, sports and lifestyle, offering brand advertisers a wealth of opportunity to reach engaged, high-intent audiences. Taboola's products continue to be implemented across sites including TechRadar, Marie Claire, Tom's Guide, GamesRadar and others. With this new deal, Future will incorporate Taboola's high impact mid article placements across its network, providing new opportunities for brand advertisers to tap into Future's large audience, in brand safe and highly visible formats. This adds to Future's implementation of Taboola Feed, a seamlessly integrated feed that provides readers with personalised content for a more engaging experience, while enabling monetisation of below-article placements. Additionally, Future is tapping Taboola's vast publisher offerings to increase engagement across multiple platforms.
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LNTH | Hot Stocks08:44 EST Lantheus announces availability of PYLARIFY AI - Lantheus Holdings announced that PYLARIFY AI, its recently FDA-cleared medical device software, is now commercially available in the United States. PYLARIFY AI employs a deep learning algorithm that has been trained and validated across more than 3,000 images to allow healthcare professionals and researchers to perform standardized quantitative assessment of PSMA PET/CT images in prostate cancer. Through rigorous analytical and clinical studies, PYLARIFY AI has demonstrated improved consistency, accuracy and efficiency in quantitative assessment of PSMA PET/CT. PYLARIFY AI can be deployed either as a secure web cloud application or within the secure firewall of the institution on a local server. Once deployed, the adaptive application can be integrated into an institution's existing clinical workflow, delivering a unique combination of clinical utility and technical flexibility. Syntermed, a leading provider of nuclear imaging software, has been appointed as the first distributor of PYLARIFY AI for the U.S.
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GNRS | Hot Stocks08:43 EST Greenrose Acquisition closes business combination with Theraplant - Greenrose Acquisition announced that it has closed its previously announced business combination with Connecticut-based Theraplant, LLC. The transaction was approved at a special meeting of Greenrose's stockholders on October 27, 2021. The Company has been renamed The Greenrose Holding Company Inc. and will continue to be listed on the OTC under the symbols "GNRS" and "GNRSW." Greenrose also intends to co-list on the NEO exchange as soon as practicable after the close of the Business Combination. With the closing of the Business Combination, Greenrose currently expects to continue to work towards the acquisition of each of Shango Holdings, Inc. and Futureworks and certain assets of Arizona-based True Harvest, LLC. Each of these acquisitions is subject to, among other things, Greenrose's compliance with certain debt covenants, the terms, conditions and rights in each of the applicable agreements and the receipt of applicable state regulatory approvals, if any. The acquisition of Theraplant, LLC was funded, in part, by a $105 million senior secured credit facility from DXR Finance, LLC.
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RELI | Hot Stocks08:42 EST Reliance Global announces launch of 5MinuteInsure.com in four states - Reliance Global Group announced that it has launched 5MinuteInsure.com in Missouri, Alabama, Iowa and West Virginia.
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BSFC | Hot Stocks08:42 EST Blue Star Foods CEO to discuss sustainability in fisheries, aquaculture - Blue Star Foods announced that CEO, John Keeler, will participate as a panelist on an FAO GLOBEFISH free webinar on "Sustainability in Fisheries and Aquaculture." The event will take place virtually at 9 am ET / 3 pm CET on Friday, December 10, 2021. The event will focus on the importance of sustainability from a business angle, a topic that is instrumental in current international activities involving fisheries and aquaculture products. The expert panel will discuss how different sustainability approaches were able to create market opportunities and differentiation for their products within the framework of Environmental, Social and Corporate governance. Mr. Keeler will address sustainability in the context of a sourcing policy.
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CHGG | Hot Stocks08:38 EST Chegg to acquire Busuu for $436M in an all-cash transaction - Chegg announced that it has entered into a definitive agreement to acquire Busuu, a language learning platform which has reached over 120M learners to date across more than 160 countries. Busuu provides courses in 12 different languages to over 500,000 paying subscribers. Founded in 2008 by Bernhard Niesner and Adrian Hilti, with offices in London, UK, and Madrid, Spain, Busuu has established a community for language learning, with over 20,000 new registrations daily. Chegg expects Busuu's FY21 revenue to be approximately $45M with year-over-year growth of greater than 20%. Chegg expects to acquire Busuu for approximately $436M in an all-cash transaction subject to the terms and conditions of the definitive agreement. The acquisition, which was approved by the boards of directors of Chegg and Busuu, is expected to close early in Q1 of 2022, subject to customary closing conditions.
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DNAY MRVI | Hot Stocks08:37 EST Codex DNA announces commercial availability of BioXp mRNA synthesis kits - Codex DNA (DNAY) announced the commercial launch of its BioXp mRNA synthesis kits with CleanCap Reagent AG, a proprietary mRNA capping technology from TriLink BioTechnologies, part of Maravai LifeSciences (MRVI). These new automation kits will allow users to generate large yields of high-quality, capped mRNA to accelerate the discovery and development of mRNA-based vaccines and therapeutics. The COVID-19 pandemic has underscored the importance of efficiently building robust, reliable mRNA-based vaccines and therapies. Existing manual, multi-step mRNA synthesis processes often result in long turnaround timelines and cause significant bottlenecks during the design-build-test phases of discovery and development, despite the need for rapid iterations of mRNA constructs. BioXp kits with integrated CleanCap Reagent AG are designed to increase the productivity and efficiency of mRNA synthesis workflows. Codex DNA customers are now able to generate up to 16 biologically active mRNA constructs at a median yield of 10 micrograms each from fully de novo synthesized and error-corrected genes in a single automated run. The increased proportion of translationally active mRNA simplifies and shortens the mRNA manufacturing process, resulting in higher levels of protein production.
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RGRX | Hot Stocks08:37 EST RegeneRx join venture requests pre-BLDA meeting with FDA for RGN-259 - RegeneRx Biopharmaceuticals announced that its U.S. joint venture, ReGenTree, has submitted a letter to the U.S. FDA requesting a pre-BLA meeting pursuant to RGN-259, its novel product candidate for dry eye syndrome. The purpose of a pre-BLA meeting is to discuss with FDA the format, content, and acceptability of the anticipated BLA application. As previously reported, ReGenTree has been working with two third-party FDA consulting firms prior to requesting the pre-BLA meeting. This includes a review of clinical studies, non-clinical studies, CMC requirements, and previous meeting minutes between RegeneRx, ReGenTree and FDA. "I am pleased ReGenTree has submitted the pre-BLA request to FDA regarding RGN-259, which is based on our results to date and on FDA's draft development guidelines for dry eye syndrome established in December of 2020. We expect to know in the next few weeks if the FDA agrees with our meeting proposal and look forward to receiving their comments regarding a number of questions/clarifications typical in such requests. If all goes well, we expect to meet with the Agency around the end of January 2022. We look forward to keeping our investors apprised of our progress along the way," stated J.J. Finkelstein, RegeneRx president and chief executive officer. ReGenTree, LLC is a U.S. joint venture owned by HLB Therapeutics and RegeneRx Biopharmaceuticals, Inc. ReGenTree.
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CMTL | Hot Stocks08:36 EST Comtech files investor information with SEC to address Outerbridge claims - Comtech Telecommunications announced that it has filed supplemental investor information with the Securities and Exchange Commission addressing factual inaccuracies and misleading statements Outerbridge Capital Management has made regarding Comtech's performance, strategy, Board of Directors and management team. Comtech notes in part: "Outerbridge greatly misrepresents the facts of Comtech's performance, revealing an ongoing inability to understand Comtech's business. The November 22, 2021 "analysis" that Outerbridge filed with the SEC uses a peer set on which no informed shareholder or analyst would rely. Outerbridge cites companies whose market capitalizations, businesses, end markets, and financial profiles differ so radically from Comtech as to render comparisons at best irrelevant, and at worst self-serving and misleading. Further, this analysis cherry picks dates so as to completely ignore the announcements of major new contract wins and governance enhancements that were well underway before Comtech ever heard of Outerbridge."
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CPXWF ENB | Hot Stocks08:36 EST Capital Power, Enbridge collaborate to reduce CO2 emissions in Alberta - Capital Power Corporation (CPXWF) and Enbridge Inc. (ENB) are pleased to announce a memorandum of understanding to collaborate on carbon capture and storage solutions in the Wabamun area west of Edmonton, Alberta, near Capital Power's Genesee Generating Station. Enbridge and Capital Power have agreed to jointly evaluate and advance a CCS project, with Enbridge as the transportation and storage service provider and Capital Power as the CO2 provider, subject to the Government of Alberta's competitive carbon hub selection process and a future final investment decision. Enbridge, with the support of Capital Power, is applying to develop an open access carbon hub in the Wabamun area through the Government of Alberta's Request for Full Project Proposals process, which is expected to start as early as December 2021. The proposed project would serve Capital Power's Genesee Generating Station near Warburg, Alberta which currently provides over 1,200 megawatts of baseload electricity generation to Albertans. Capital Power is currently repowering the Genesee 1 and 2 units, to create North America's most efficient natural gas combined cycle power generation units, positioning them to deliver reliable and affordable electricity for generations to come. The Genesee CCS Project is expected to capture up to 3 million tonnes of CO2 annually from the repowered units, which would be transported and stored through Enbridge's open access carbon hub that could also serve several other local industrial companies. Subject to the award of carbon sequestration rights and regulatory approvals, the proposed project could be in service as early as 2026.
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TUP | Hot Stocks08:35 EST Tupperware Brands completes remaining land sale around Florida headquarters - Tupperware Brands announces the closing of the sale of its remaining undeveloped land on which its headquarters is located to O'Connor Capital Partners. This transaction generated gross sale proceeds of $37M. The sale marks the completion of the transfer of all Tupperware's remaining land in Central Florida. The first transaction for 108 acres of land was completed in October 2020 and this final transaction includes 125 acres of developable land and 490 acres of common areas and wetlands. In total, Tupperware Brands has transferred approximately 740 acres in connection with its Orlando land sale. The company will remain in its headquarters building and retain its 11-year sale-leaseback arrangement with O'Connor that was executed in November 2020. "We remain committed to our Turnaround Plan and a key part of that strategy is to direct all our attention to growing our core direct selling business while evolving to an omnichannel model to move into new categories and channels to-market," said Miguel Fernandez, CEO of Tupperware Brands. "The decision to sell our remaining land in Orlando is another step in that direction. We proudly call Orlando home and look forward to continuing to be a strong community partner here in Central Florida."
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AWR | Hot Stocks08:35 EST American States Water announces settlement agreement in general rate case - American States Water announced that on November 23, its regulated water utility subsidiary, Golden State Water Company, or GSWC, and the Public Advocates Office at the California Public Utilities Commission, or CPUC, filed a joint motion to adopt a settlement agreement between GSWC and Cal Advocates in connection with the water utility general rate case. GSWC had filed a general rate case application in July 2020 for all of its water regions and the general office to determine new rates for the years 2022 - 2024. The CPUC is expected to issue a proposed decision in the water general rate case during the first half of 2022. When approved, the new rates are expected to become effective and retroactive to January 1, 2022. The proposed settlement agreement, if approved by the CPUC, resolves all issues related to the calculation of the 2022 annual revenue requirement in the general rate case application, leaving only three unresolved issues. Among other things, the settlement authorizes GSWC to invest approximately $416.6M in capital infrastructure over the three-year rate cycle in order to continue to provide safe and reliable water utility service to its customers. The $416.6M of infrastructure investment, as settled, includes $11.8M of capital projects to be filed for revenue recovery through advice letters when those projects are completed. Excluding the advice letter project revenues, under the terms of the settlement agreement GSWC's adopted operating revenues less water supply costs, or RLWSC, for 2022 increases by approximately $20.6 million as compared to the 2021 adopted RLWSC. The settlement agreement also allows for potential additional increases in adopted revenues of approximately $13M for each of the years 2023 and 2024 based on inflation factors used at the time of the application filing in July 2020. The increases in 2023 and 2024 are subject to the results of an earnings test and changes to the forecasted inflationary index values. Actual increases for 2023 and 2024 will be determined at the time the filings to implement the new rate increases are approved by the CPUC, and will be calculated using inflationary index values at that time.
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BRLGF | Hot Stocks08:34 EST Dominion Lending Centres announces plan to restructure credit facilities - DLC has adequate cash on hand or, alternatively, expected available under the credit facilities of the Corporation, to fund the purchase of the maximum number of Shares that could be purchased under the Offer including the related fees and expenses. Accordingly, the completion of the Offer is not conditional on obtaining financing. The Corporation has received a term sheet from Toronto-Dominion Bank , the lender to the Core Business Operations, providing for a $5 million working capital credit line; a $10 million acquisition credit line; and a $20 million credit line to fund the Offer and a pro rata dividend to Preferred Shareholders. Further, the TD Term Sheet also provides the Corporation with a $32 million term loan to facilitate the repayment of all indebtedness of the Corporation under the current Sagard credit facility and to terminate all existing foreign currency forward contracts. Closing of the new credit facilities are subject to customary closing conditions. As such, the Corporation believes that the possibility to be remote that, if the conditions of the bid are satisfied or waived, that the Corporation will be unable to pay for the Shares deposited under the Offer due to a financing condition not being satisfied. The New TD Senior Credit Facility is for a three year term and will be secured by a first charge over all of the Corporation's "core business assets". The proceeds from the New TD Senior Credit Facility will be used to: replace the current credit facilities for the Core Business Operations; provide the Corporation with $12 million to fund the Offer; and provide the Preferred Shareholders with dividend in an amount equal to their pro rata share of the borrowings used to fund the Offer. In the event that 3,000,000 Shares are tendered under the Offer it is anticipated that the Corporation would pay a dividend to Preferred Shareholders of $7.5 million. Interest on the New TD Senior Credit Facility is based on the prime borrowing rate plus an additional amount determined based on the Corporation's total leverage. On closing of the New TD Senior Credit Facility, the interest rate is anticipated to be equal to the prime borrowing rate. Upon completion of the Offer, any amounts undrawn on the $20 million credit line will be cancelled. The New TD Junior Credit Facility is for a three year term and will be secured by a first charge over all of the Corporation's "non-core business assets" and a junior security interest over the Corporation's "core business assets". The proceeds from the New TD Junior Credit Facility will be used to repay the existing Sagard credit facility and to terminate all existing foreign currency forward contracts. Interest on the New TD Junior Credit Facility is based on the prime borrowing rate plus an additional amount determined based on the Corporation's total leverage. On closing of the New TD Junior Credit Facility, the interest rate is anticipated to be prime plus 75 bps and any undrawn amount under the facility will be cancelled. The Corporation expects to close the New TD Senior Credit Facility and the New TD Junior Credit Facility prior to the end of 2021.
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CBAK | Hot Stocks08:34 EST CBAK Energy completes majority stake acquisition of Hitrans - CBAK Energy Technology announced that its wholly-owned subsidiary Dalian CBAK Power Battery has completed its previously announced acquisition of a majority stake in Zhejiang Hitrans Lithium Battery Technology, a lithium-ion battery material supplier in China formerly known as Zhejiang Meidu Hitrans Lithium Battery Technology. Upon closing of the transaction, CBAK Power is now the largest shareholder of Hitrans owning 81.56% of its equity. Hitrans has been selected as one of small and medium-sized enterprises that dominate major markets in niche sectors with a wide spectrum of government support like financial and tax incentives to propel them to further grow into "small giants." Yunfei Li, Chief Executive Officer of CBAK Energy commented," The closing of this deal heralds an exhilarating time of renewed opportunity for us. By building a tighter relationship with Hitrans, which has also been a critical supply chain partner of our Company, we believe this offers CBAK Energy a unique vantage point to cope with rising challenges from supply chain constraints in the short run. In the longer run, we hope this deal will unlock incredible potential for both companies to seize and tap into growing opportunities available in the burgeoning electric vehicle industry."
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PRIM | Hot Stocks08:33 EST Primoris gets contracts valued over $520M in energy/renewables segment - Primoris Services announced two heavy civil awards with a combined value of more than $520M. The Gulf Coast projects, secured by the Company's Energy/Renewables Segment, were awarded by the Louisiana Department of Transportation and Development. The first project, valued at more than $60M, involves construction of a section of highway on LA 3241. It is scheduled to commence in the fourth quarter of 2021 with completion expected in the second quarter of 2023. The second project, valued at $460M, involves construction of a section of elevated highway on LA 1. It is scheduled to commence in the first quarter of 2022 with completion expected in the fourth quarter of 2027. "These projects, which were discussed in our recent earnings call, add a steady stream of heavy civil work to our Energy/Renewables backlog all the way into 2027," said Tom McCormick, President and Chief Executive Officer of Primoris. "Additionally, we were involved in the original construction of LA 1, so we are very familiar with the scope and complexity of this project."
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BRLGF | Hot Stocks08:33 EST Dominion Lending Centres announces intention for substanstial issuer bid - Dominion Lending Centres announced its intention to commence a substantial issuer bid pursuant to which the Corporation will offer to purchase for cancellation up to 3,000,000 of its outstanding common shares at a purchase price of $3.75 per Share in cash. See "Source of Funds and New Credit Facilities" below for details on how the Corporation will fund the Offer. The closing price of the Shares on the TSX Venture Exchange on November 26, 2021, the last full trading day prior to the Corporation's announcement of its intention to make the Offer, was $3.35. The board of directors of the Corporation believes that the recent trading price of the Shares is not fully reflective of their intrinsic value based on the value of DLC's assets and its business and future prospects. Accordingly, the Board believes that the Offer is a prudent use of the Corporation's financial resources given the Corporation's business profile and assets, current market price of the Shares, capital availability and cash requirements. The Offer provides DLC with the opportunity to return up to $11.25 million of capital to Shareholders who elect to tender while at the same time increasing the proportionate Share ownership of Shareholders who elect not to tender. The Purchase Price represents a 14.7% premium over the 30-day volume weighted average closing price of the Shares on the TSX for the period ending on November 26, 2021, and a 11.9% premium over the closing price of the Shares on the TSX on November 26, 2021, the last full trading day prior to the Corporation's announcement of its intention to make this Offer. The number of Shares subject to the Offer represents approximately 6.5% of the total number of Shares outstanding. Details of the Offer, including instructions for tendering Shares to the Offer and the factors considered by the Board making its decision to approve the Offer, will be included in the formal offer to purchase and issuer bid circular and other related documents, which are expected to be mailed to shareholders and filed with applicable Canadian Securities Administrators on or about December 1, 2021 on SEDAR at www.sedar.com and on the Corporation's website at www.dlcg.ca. Shareholders should carefully read the Offer Documents prior to making a decision with respect to the Offer. The Offer will not be conditional on any minimum number of Shares being tendered but will be subject to various other conditions that are typical for a transaction of this nature. The Offer will expire at 5 p.m. Eastern time on January 11, 2022, unless terminated or extended by the Corporation. If more than 3,000,000 Shares are properly tendered to the Offer, the Corporation will take-up and pay for the tendered Shares on a pro-rata basis according to the number of Shares tendered, except that "odd lot" tenders will not be subject to pro-ration. Assuming that 3,000,000 Shares are purchased pursuant to the Offer, the aggregate purchase price pursuant to the Offer will be $11,250,000. The Board has authorized the making of the Offer. However, the Board is not making any recommendation to any Shareholders as to whether to tender or refrain from tendering their Shares under the Offer. Shareholders are strongly urged to consult their own financial, tax and legal advisors and to make their own decisions whether to tender or to refrain from tendering their Shares to the Offer and, if so, how many Shares to tender. The Corporation was authorized by the TSXV to purchase up to 2,332,697 Shares pursuant to a normal course issuer bid that commenced on January 18, 2021 and expires on January 17, 2022. Since January 18, 2021, the Corporation has purchased 296,100 Shares through the NCIB. There will be no further purchases of Shares under the NCIB until after the expiry of the Offer or date of termination of the Offer.
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WMT | Hot Stocks08:33 EST Walmart CFO Brett Biggs to transition out of role - Walmart announced that executive VP and CFO Brett Biggs will begin transitioning from Walmart during this upcoming year, after 22 years with the company, to begin a new chapter of opportunities in both the for-profit and non-profit sectors. Biggs will remain in the CFO role until a successor is named next year and then support that transition, remaining as an associate until he leaves the company on January 31, 2023. As part of the transition, he will also continue representing the company as a board member on Walmart's FinTech startup joint venture with Ribbit Capital. The company will consider internal and external candidates before naming a successor. Biggs has served as Walmart's executive vice president and CFO since December 31, 2015.
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SMBK | Hot Stocks08:31 EST SmartBank scales presence in Nashville, Tennessee - SmartBank announced the hiring of three experienced banking professionals, commercial relationship managers, Rachael Meurrier and Tony Graves and regional mortgage production manager, Kent Stone. All three individuals are based in the Nashville, TN area and will focus on building greater market presence for SmartBank. Following the recent expansions throughout Alabama, the Gulf Coast and Florida Panhandle, the Company is pleased to continue its push into the Nashville and broader middle Tennessee market area with these seasoned individuals. Rachael Meurrier, formerly with Triumph Bank, will join SmartBank as Senior Vice President and Williamson County Market Executive. Meurrier brings over 15 years' experience in the private banking and commercial lending space and will be joined by Senior Vice President Tony Graves. Graves, formerly with Reliant Bank and First Advantage Bank, brings over 30 years' commercial banking experience. On the consumer banking side, Kent Stone, previously with Triumph Bank, joins as Regional Mortgage Production Manager and brings over 15 years' mortgage banking experience.
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ENPH | Hot Stocks08:28 EST Enphase technology selected by Australian government, community organizations - Enphase Energy announced that Enphase microinverter-based solar systems are becoming increasingly preferred for commercial installations by government and community organizations in Australia seeking to offset daytime electricity costs and make progress towards net zero goals. Wollongong City Council in New South Wales recently deployed a total of 549 Enphase IQ 7A microinverter-based solar panels totalling 220 kW on the Council's multi-story Stewart Street car park. The installation is expected to reduce the adjacent 6 Star Green Star-rated Administration building's electricity costs by as much as one quarter annually. In another example from New South Wales, the Milton Ulladulla ExServos Club deployed a 215 kW, 581 solar panel system fitted with Enphase IQ 7+ microinverters. With 85 employees and 13,500 members, the Club has deep roots in its community, supporting many local sports and other community organizations, making system reliability and solar fire safety critical to the project.
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FSTX | Hot Stocks08:27 EST F-star Therapeutics to host virtual R&D day on December 6 - F-star Therapeutics announced that it will host an R&D Day webinar on Monday, December 6, 2021, from 8:00 a.m. to 10:00 a.m. ET. The Company will discuss F-star's bispecific antibody discovery platform that has led to significant value potential in our four proprietary clinical programs and over $2.2 billion in potential remaining milestone payments from licensing partnerships. The meeting will be hosted by F-star's scientific leadership, including Eliot Forster, Ph.D., CEO & President, Neil Brewis, Ph.D., Chief Scientific Officer, and Professor Florian Ruker, Ph.D., Co-Founder. Following a discussion of F-star's R&D platform, Louis Kayitalire, M.D., Chief Medical Officer, will present on the vast potential of the company's clinical pipeline of tetravalent mAb2 bispecifics, each of which is directed against some of the most exciting targets in immuno-oncology drug development, including LAG-3 and CD137.
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MJARF | Hot Stocks08:26 EST MJardin Group decides to terminate SISP relating to Canadian assets - MJardin Group announced that it has decided to terminate its previously announced, and subsequently extended, Sales and Investment Solicitation Process relating to the Company's Canadian assets. As disclosed in the Company's news release dated April 30, 2021, MJardin's special committee of the board of directors initiated the SISP to explore, review and evaluate a broad range of strategic alternatives for the Company due to its limited capital resources. The Special Committee, supported by its strategic advisor, Restructur Advisors, completed the review of a range of strategic alternatives for the Company's Canadian assets. After an extensive review and consultation process, the SC recommended to the Company's board of directors, and the board of directors concluded, to terminate the SISP as it relates to the Company's Canadian assets. This decision is effective November 24, 2021. The SC, along with RA, will continue to explore, review and evaluate a broad range of strategic alternatives for the Company's US assets with a view to identifying one or multiple transactions that are in the best interests of stakeholders. The SISP as it relates to the Company's US assets is ongoing and there can be no assurance as to what, if any, alternative might be pursued by the Company. In accordance with applicable disclosure requirements, the Company will advise the market of material changes, if and when they occur.
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RARE | Hot Stocks08:25 EST Ultragenyx announces durability data from Phase 1/2 AAV gene therapy studies - Ultragenyx Pharmaceutical announced new long-term durability data from the Phase 1/2 studies of DTX401 for Glycogen Storage Disease Type Ia and DTX301 for Ornithine Transcarbamylase deficiency that were presented at the 14th International Congress of Inborn Errors of Metabolism. DTX401 for Glycogen Storage Disease Type Ia: Additional longer-term Phase 1/2 data presented at ICIEM 2021 demonstrate durability of response, with sustained responses lasting up to 3 years since treatment Across all 12 patients in the Phase 1/2 study, the mean reduction in daily cornstarch intake was 69.9% ranging from 19-100% when comparing baseline to the most recent visit. The nine patients in Cohorts 1, 2, and 3 continue to demonstrate improved glucose control while tapering or discontinuing oral glucose replacement therapy with cornstarch up to 3 years after receiving DTX401. The three patients in Cohort 4 have completed a tapering prophylactic steroid regimen. Two of the three patients have reduced the frequency of daily oral glucose replacement therapy from six times per day at baseline to one and two times per day as of their last visit. Across all patients in the Phase 1/2 study, to date there have been no infusion-related adverse events, no treatment-related serious adverse events, and no dose-limiting toxicities reported. DTX301 for Ornithine Transcarbamylase Deficiency: Additional longer-term Phase 1/2 data presented at ICIEM 2021 demonstrate durable metabolic control and sustained responses. The six patients who previously demonstrated a response remain clinically and metabolically stable, including all three treated at the highest dose, which is the dose that will be used in the Phase 3 study. The longest treated responders have demonstrated a durable response up to 4 years after dosing, and up to 3.5 years after discontinuing ammonia-scavenger medications and liberalizing protein-restricted diets. Two patients were enrolled into Cohort 4 of the DTX301 study and received a tapering prophylactic steroid regimen. Patient 10 is deemed a responder. As of the data cut-off, Patient 11 had completed the prophylactic steroid regimen and is in the process of modifying ammonia-scavenging drugs and or diet. Across all 11 patients in the Phase 1/2 study, to date there have been no infusion-related adverse events, no treatment-related serious adverse events and no dose-limiting toxicities reported. All treatment-related adverse events have been Grade 1 or 2, with the exception of one episode of grade 3 hyperammonemic crisis related to OTC deficiency.
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KAVL | Hot Stocks08:24 EST Kaival Brands announces new results on Bidi Vapor's ENDS - Kaival Brands announces the results of a newly published study that found Bidi Vapor's premium electronic nicotine delivery system, ENDS, a disposable device branded BIDI Stick, mimicked the blood levels of nicotine when subjects smoked their usual brand of combustible cigarette, potentially providing a satisfying alternative to cigarette smoking. In research published in November 2021, comparative blood samples revealed a dramatic alignment between combustible cigarettes and BIDI Sticks. Dr. Ian Fearon, the paper's lead author and renowned, U.K.-based nicotine scientist concluded, "BIDI Stick ENDS delivered nicotine to users comparably to their usual brand cigarette and also elicited similar subjective effects such as satisfaction and relief." Dr. Fearon went further to note the study's implications: "Thus, the BIDI Stick ENDS may be a satisfying alternative to cigarettes among current adult smokers, including those that find it difficult to quit or who are not interested in quitting smoking." The research paper, which is titled "A Randomized, Crossover Clinical Study to Assess Nicotine Pharmacokinetics and Subjective Effects of the BIDI Stick ENDS Compared with Combustible Cigarettes and a Comparator ENDS in Adult Smokers," described the findings from a study in adult smokers aged 21 to 65 who smoked at least 10 factory manufactured cigarettes a day. "This study shows that the BIDI Stick can be a meaningful, nicotine delivery alternative for adult smokers aged 21 and older," said Niraj Patel, President and Chief Executive Officer of Bidi Vapor and Kaival Brands. "We are submitting this data to the FDA as part of our Premarket Tobacco Product Application and believe the scientific evidence supports that the BIDI Stick is appropriate for the protection of the public health."
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BTX | Hot Stocks08:22 EST Brooklyn ImmunoTherapeutics appoints Susan McClatchey as VP, head of quality - Brooklyn ImmunoTherapeutics announces the appointment of Susan McClatchey as Vice President, Head of Quality. Ms. McClatchey joins Brooklyn from IQVIA, a San Diego-based cell and gene therapy translation center.
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GE | Hot Stocks08:22 EST GE and Cambridge team deliver personalized treatments in cancer care - GE Healthcare, the University of Cambridge and Cambridge University Hospitals have agreed to collaborate on developing an application aiming to improve cancer care, with Cambridge providing clinical expertise and data to support GE Healthcare's development and evaluation of an AI-enhanced application that integrates cancer patient data from multiple sources into a single interface. Building on research supported by The Mark Foundation for Cancer Research and Cancer Research UK, the collaboration aims to address the problems of fragmented or siloed data and disconnected patient information, which is challenging for clinicians to manage effectively and can prevent cancer patients receiving optimal treatment. "Thanks to ever-improving technologies, we now generate increasing amounts of complex data for each patient with cancer. These include multiple imaging scans, digital pathology, genomic data, advanced blood tests and treatment information. Bringing all this data together to make precise and informed decisions for patients can be hard. We often do this inefficiently and miss important connections between the data," said Professor Richard Gilbertson, Director of the Cancer Research UK Cambridge Centre, and Head of the Department of Oncology at the University of Cambridge. This new application would be designed using advanced software engineering and machine learning methods to integrate a variety of patient data including clinical, imaging and genomic data - from diagnosis through every stage of treatment - into one single location. The aim is to offer all medical teams involved in a patient's cancer care - medical oncologists, clinical oncologists, surgeons, radiologists, pathologists, clinical nurse specialists and more - simultaneous access to the necessary data and information to allow the medical team to plan the best, most personalized treatment for each of their patients. The application is expected to be evaluated for ovarian cancer initially in Cambridge and the goal is to evaluate it across the UK, and beyond. Ovarian cancer is often difficult to treat as most patients present with advanced disease. Although initially 70-80% of patients will respond well to chemotherapy, ultimately most develop chemotherapy resistance leading to treatment failure.1 The application may help clinicians have better visibility on how the patient respond to treatment, thus helping them more effectively identify when treatment may require adjustment. If the application is successfully developed, our vision is for it to be expanded for use in breast and kidney cancer patients.
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IKT | Hot Stocks08:22 EST Inhibikase Therapeutics announces publication on c-Abl - Inhibikase Therapeutics announced the publication of a paper describing the biochemical rationale and potential benefit of Abelson Tyrosine Kinase, c-Abl, inhibition as a potential disease-modifying therapy for Parkinson's Disease. The article, titled "Parkinson's Disease Modification Through Abl Kinase Inhibition: An Opportunity" was published online in the journal Movement Disorders on November 24, 2021. The publication analyzes the role of both c-Abl, a non-receptor tyrosine kinase, as well as misfolded alpha-synuclein in the initiation and progression of Parkinson's disease, PD. Therapeutic administration of IkT-148009, a highly selective c-Abl kinase inhibitor, demonstrated the ability to clear alpha-synuclein aggregates from the brain and GI tract, promote regeneration of neurons, and induce substantial functional recovery in measures of motor and non-motor function. These studies support that the inhibition of c-Abl could have disease modifying effects and further support the continued clinical development of IkT-148009. "Parkinson's disease affects an estimated one million people in the U.S. and remains a significant unmet medical need. Today's publication provides a detailed mechanistic understanding of the early steps in the disease process and the role c-Abl plays in neurodegeneration. Our lead candidate, IkT-148009, a selective c-Abl kinase inhibitor, has demonstrated the potential to halt and reverse disease progression in animal models," stated Milton H. Werner, Ph.D., President and Chief Executive Officer of Inhibikase Therapeutics and principal author of the manuscript published today along with co-author and Interim Chief Medical Officer Dr. Warren Olanow. "IkT-148009 is currently in a Phase 1b extension study in Parkinson's patients, which we believe will give us an early look into safety and tolerability of IkT-148009 in patients and evaluate potential improvements across motor and non-motor aspects of the disease in patients over 7-day dosing. We anticipate completing this extension study in 2022, and expect to present data from our Phase 1 and possibly Phase 1b studies at the AD-PD Meeting to be held March 15-20, 2022 in Barcelona, Spain."
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VERV VYGR | Hot Stocks08:21 EST Verve Therapeutics appoints Allison Dorval as CFO - Verve Therapeutics (VERV) announced that Allison Dorval has been appointed as chief financial officer. Ms. Dorval joins Verve from Voyager Therapeutics (VYGR) and brings more than 20 years of leadership experience in finance, accounting, financial reporting and investor relations.
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VERV VYGR | Hot Stocks08:20 EST Verve Therapeutics appoints Allison Dorval as CFOVoyager Therapeutics - Verve Therapeutics (VERV) announced that Allison Dorval has been appointed as chief financial officer. Ms. Dorval joins Verve from Voyager Therapeutics (VYGR) and brings more than 20 years of leadership experience in finance, accounting, financial reporting and investor relations.
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HTZ HTZZ | Hot Stocks08:20 EST Hertz announces $2B share repurchase program - Hertz Global announced that its Board of Directors has authorized a share repurchase program of up to $2B of the Company's outstanding common stock. The repurchase program is effective immediately and will initially comprise the remaining $200M that was authorized for repurchase at the time of the Company's offering and listing on NASDAQ. The repurchase program allows for ongoing and profitable investment in the business while utilizing moderate balance sheet leverage and facilitating opportunistic share repurchases. The Company currently intends to maintain Net Corporate Leverage of no more than 1.5x.
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ICAD | Hot Stocks08:19 EST iCAD announces data on ProFound AI at RSNA 2021 - iCAD announced new and real-world research demonstrating the value of ProFound AI for Digital Breast Tomosynthesis will be highlighted at the 107th Scientific Assembly and Annual Meeting of the Radiological Society of North America, November 28 - December 2. The Company is also showcasing its portfolio of world-class breast health solutions, including the latest versions of ProFound AI Risk and PowerLook Density Assessment, at McCormick Place in Chicago in the South Hall meeting suites 214-216. In a poster presentation titled "Use Of Artificial Intelligence Software To Identify Clinically Aggressive Lesions On Prior Digital Breast Tomosynthesis Exams Based On Molecular Subtypes," lead author Mary F. Ice, MD, radiologist at Rose Imaging Specialist and Solis Mammography, will discuss her research evaluating the use of ProFound AI in identifying and scoring lesions in prior DBT screening exams of cancer cases. Additionally, the following poster discussions will take place on Tuesday, November 30: "Effect Of Artificial Intelligence Software On Digital Breast Tomosynthesis Screening Cancer Detection And Abnormal Interpretation Rates Among Subspecialized Breast Radiologists: A Real-World Experience." Principal investigator Haley P. Letter, MD, Assistant Professor, Program Director of Breast Imaging and Intervention Fellowship and Associate Clerkship Director at University of Florida Health - Jacksonville, will present research from a real-world study assessing the impact of ProFound AI in DBT screening exams. "Tomosynthesis-driven AI-derived Breast Cancer Scoring Among A Racially Diverse Cohort Of Women Undergoing Screening: Potential For Triage And Precision Cancer Screening." Principal investigator Emily F. Conant, MD, professor and chief, Division of Breast Imaging at the Hospital of the University of Pennsylvania Medical Center, will discuss findings from an observational study evaluating ProFound AI and the impact of race on the software's performance and Case Scores.
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ICE | Hot Stocks08:19 EST ICE announces one million contracts traded on IFAD - Intercontinental Exchange announced that a total of over one million futures contracts have traded on ICE Futures Abu Dhabi, IFAD, since the exchange launched on March 29 equivalent to one billion barrels of Murban crude oil. Of this, 1,032,805 Murban Crude Oil futures contracts and 18,059 cash settled derivatives have traded. Total volume traded on IFAD since launch is 1,050,864 contracts. "Murban futures are adding to price discovery in Asia and thus enhancing the functioning of both regional and international markets. Moreover, the physical delivery mechanism has worked smoothly over the first 7 months since launch and open interest continues to grow. Given this encouraging start, we are confident that the IFAD Murban futures contract will make many more headlines as it continues to grow in importance," said Mike Muller, Head of Vitol Asia. "As a shareholder and active participant, we are proud of having contributed to this major milestone for IFAD, which helps create more transparent Asian markets. The liquidity that IFAD is providing to the market is greatly appreciated and thanks to Murban's sustainable production, wide customer base and excellent logistical capabilities, we are confident that further success is ahead," said Thomas Waymel, President, TOTSA TotalEnergies Trading SA. TC.
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CODX | Hot Stocks08:17 EST Co-Diagnostics reports COVID-19 diagnostics not affected by Omicron mutations - Co-Diagnostics reported that none of the mutations in the heavily mutated SARS-CoV-2 variant recently discovered in Africa are predicted to interfere with any of the Company's suite of COVID-19 PCR diagnostic assays. The new coronavirus strain includes more than 50 mutations, over 30 of which are found on the virus's spike protein, the main target of the body's immune responses, and is currently being studied to determine whether the mutations lead to increased transmissibility or ability to evade the body's immune response. Co-Diagnostics successfully assessed the effectiveness of its existing line of COVID-19 PCR diagnostics against the Omicron variant using publicly available sequencing data in the GISAID database, and continues to monitor the performance of its tests as new variants are discovered. Dwight Egan, CEO of Co-Diagnostics, commented, "We are pleased to report that none of the over 50 mutations in this new variant are close enough to the targets of any of our COVID-19 diagnostics to interfere with their performance. This includes our original Logix Smart COVID-19 assay, first developed in the early days of news about the novel coronavirus being discovered in China, our SARS-CoV-2 2-gene test, our ABC multiplex assay, our COVID-19 extraction-free direct saliva test, and the test currently in development to be run on our upcoming at-home/point-of-care device."
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BNGO GH | Hot Stocks08:17 EST Bionano Genomics appoints Keith Gligorich as VP operations for Bionano Labs - Bionano Genomics (BNGO) announced that it has appointed Keith Gligorich, PhD, MB to the role of VP Operations for Bionano Laboratories. Keith was most recently with Guardant Health (GH) where he led the build-out of Guardant's CLIA-certified, CAP-accredited laboratory for blood-based early cancer detection testing.
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HEOFF | Hot Stocks08:16 EST H2O Innovation completes plant retrofit for ethanol client in Iowa - H2O Innovation announced that it has recently completed a plant retrofit for an ethanol client located in Iowa, United States. This project, one of the first of its kind in North America, demonstrates the Corporation's technical expertise and market access required to provide a direct replacement solution. Experience gained from this project should well-position H2O Innovation to support future market demand. H2O Innovation was awarded the contract for membrane replacement of the client's existing microfiltration of process water. The modules were approaching end of life based on reduced water flow and filtrate quality. The facility also needed to expand capacity without significant capital investment. The Corporation's solution, working closely with Toray Membrane USA, was to design the replacement around a new module that offers more surface area in the same footprint. H2O Innovation's engineering and field services capabilities and open-source strategy qualify the Corporation for this type of replacement. The Corporation estimates around 840 M gpm installed capacity of this type in North America will likely require replacement and upgrade in the next 5 to 10 years.
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IDEX | Hot Stocks08:16 EST Energica Motor announces additional US dealers in network expansion - Energica Motor announced it had expanded its network to 20 dealers in the U.S. Energica motorcycles are manufactured in the heart of the Italian Motor Valley. Ideanomics is in the process of increasing its ownership stake in the company from 20% to approximately 70%.Due to Ideanomics' support, the Energica brand brings the electric motorcycles on the market to an even wider audience. As of today, Energica has 14 active dealers and has recently inked contracts with 6 more in Colorado, Hawaii, New Mexico, New York, Ohio, and Washington. "The demand for Energica bikes has been so high that dealers are currently taking pre-orders and virtually every bike that enters the U.S. is spoken for," said Stefano Benatti, U.S. CEO of Energica. "Our two most recent dealer additions are our first to represent Energica in the very important mid-West market - Tytlers Cycle and Moto Union - both located in Wisconsin... By expanding our dealer network using very rigorous selection criteria, we are exceeding our growth goals and are excited to continue that trajectory in 2022 and beyond."
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HSC | Hot Stocks08:15 EST Harsco Environmental launches ecoproducts service line - Harsco Environmental announces it has launched ecoproducts - a new service line that includes 62 products serving seven industries, including iron and steel, road making and abrasives, roofing, construction and cement. Formerly named Applied Products, the new ecoproducts moniker better reflects Harsco Environmental's positive impact on the environment. ecoproducts(TM)strives to provide a sustainable alternative to virgin material by being more cost effective and offering higher performance than raw materials such as mined or processed metals.
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PETV | Hot Stocks08:14 EST PetVivo launches digital media campaign - PetVivo Holdings announces the launch of a digital media campaign, which includes the production, broadcasting, and distribution of technical interviews, commercials and digital billboards ads. The digital media campaign was produced and organized by FMW Media Corp., the creator/producer of "New to The Street T.V.". The digital media campaign includes the production and broadcast of at least 40 interviews, as well as the production of 30-second T.V. commercials, wherein at least 50 commercials shall be broadcast per month, for a total of 600 commercials. For the next 12 months, the interviews and commercials shall air on Newsmax TV, Bloomberg, Fox Business Network, and CNBC. Additionally, the PetVivo will run at least two thousand four hundred 15-second commercial ads per day. These ads will be displayed on digital billboards that are located throughout lower Manhattan, New York City, NY.
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KTOS | Hot Stocks08:13 EST Kratos Defense receives $4.1M unmanned aerial vehicle system award - Kratos Defense & Security Solutions announced that its Kratos Unmanned Systems Division has recently received a $4.1 million contract award from an international customer for high performance, unmanned aerial target drone system aircraft and related services. KUSD is a recognized industry leader in the design and production of affordable, high performance, jet powered, unmanned aerial aircraft and systems for threat representative target drones and tactical applications. Work under this contract award will be performed at secure Kratos manufacturing facilities and at customer locations. Due to competitive, security related, and other considerations, no additional information will be provided related to this contract award.
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NVEE | Hot Stocks08:13 EST NV5 Global awarded $4M in Middle East building engineering and tech projects - NV5 Global announced that it has been awarded $4 million in building engineering and technology projects in the Middle East. The projects include new construction and refurbishment of existing structures in the United Arab Emirates and the Kingdom of Saudi Arabia. NV5 will provide design services for mechanical, security, and audiovisual systems. In Saudi Arabia, NV5 will provide mechanical engineering for the conversion of a historic palace in Riyadh into a seven-star luxury hotel. In the United Arab Emirates, NV5 will deliver HVAC and technology system design services for the redevelopment of four schools and a five-star desert resort in Dubai, as well as a mixed-use hospitality and residential project in Sharjah consisting of four towers on a common podium.
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CPXWF END | Hot Stocks08:12 EST Capital Power, Endeavour to collaborate on CCS solutions in Alberta - Capital Power Corporation (CPXWF) and Enbridge (ENB) announce a memorandum of understanding to collaborate on carbon capture and storage, CCS, solutions in the Wabamun area west of Edmonton, Alberta, near Capital Power's Genesee Generating Station. Enbridge and Capital Power have agreed to jointly evaluate and advance a CCS project, with Enbridge as the transportation and storage service provider and Capital Power as the CO2 provider. Enbridge, with the support of Capital Power, is applying to develop an open access carbon hub in the Wabamun area through the Government of Alberta's Request for Full Project Proposals process, which is expected to start as early as December 2021. The proposed project would serve Capital Power's Genesee Generating Station near Warburg, Alberta which currently provides over 1,200 megawatts of baseload electricity generation to Albertans. The Genesee CCS Project is expected to capture up to 3Mtonnes of CO2 annually from the repowered units, which would be transported and stored through Enbridge's open access carbon hub that could also serve several other local industrial companies. Subject to the award of carbon sequestration rights and regulatory approvals, the proposed project could be in service as early as 2026.
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DERM FBIO | Hot Stocks08:12 EST Journey Medical announces expanded board of directors - Journey Medical Corporation (DERM), a partner company of Fortress Biotech, Inc. (FBIO), expanded the company's board of directors as part of its recent initial public offering to include four new independent directors: Jeffrey Paley, M.D., Justin Smith, Miranda Toledano and Neil Herskowitz. Lindsay Rosenwald, M.D., Executive Chairman, and Claude Maraoui, President and Chief Executive Officer, remain on the Board of Directors of Journey Medical. Prior to his work for the buy-side, Dr. Paley consulted directly for several biotechnology and specialty pharmaceutical companies. Mr. Smith is a founding partner at Skinbetter Science, a leading global cosmetic technology development company, integrated with one of the world's fastest growing physician-dispensed skincare brands, where he currently serves as President. Since its inception in 2018, Toledano has served as Chief Operating Officer, Chief Financial Officer and Director of TRIGR Therapeutics, an oncology-focused, clinical-stage bispecific antibody company Since 1998, Mr. Herskowitz has served as the managing member of the ReGen Group of companies, located in New York, which includes ReGen Capital Investments LLC and Riverside Claims Investments.
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SEAC | Hot Stocks08:09 EST SeaChange secures multi-million-dollar contract renewal with U.S. MSO - SeaChange International has secured a multi-year, multi-million-dollar contract renewal with one of the largest multiple-system-operators in the United States. SeaChange is uniquely positioned to service this customer as the Company's software solutions have helped this MSO manage content processing workflows at scale for over a decade to seamlessly ingest up to 350,000 video on demand assets annually. Under the renewed contract, SeaChange will provide premium support and services for the MSO to further streamline and optimize its content chain. This will include the automated orchestration of content workflows for VOD services and over the top platforms across multiple back-office systems that have distinct business and publication rules. SeaChange ensures the highest support quality for its customers by using containerized technology that allows for easily deployable operating system updates.
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TCON | Hot Stocks08:08 EST Tracon Pharmaceuticals reports regulatory approval of envafolimab in China - TRACON Pharmaceuticals reported that its partners Alphamab Oncology and 3D Medicines announced that envafolimab, a single-domain PD-L1 antibody formulated for subcutaneous injection received marketing authorization from the Chinese National Medical Products Administration. Envafolimab was approved for adult patients with microsatellite instability-high or deficient MisMatch Repair advanced solid tumors, including those patients with advanced colorectal cancer who have experienced disease progression following treatment with a fluoropyrimidine, oxaliplatin, and irinotecan, as well as patients with other advanced solid tumors who have experienced disease progression following prior systemic treatment and have no satisfactory alternative treatment options. Prior to this approval, all marketed PD-1 and PD-L1 antibody drugs required intravenous infusions. As a subcutaneously administered PD-L1 antibody, envafolimab can be administered within 30 seconds in the physician's office-thereby increasing convenience, shortening treatment time and sparing patients from the risk of infusion reactions. In a pivotal phase 2 clinical study in patients with advanced dMMR/MSI-H tumors who received one or more lines of treatment, envafolimab demonstrated an objective response rate by blinded independent radiographic review of 44.7%, including 12 cases of complete response. Responses were durable, with duration of response at 12 months in responding patients with advanced colorectal cancer, advanced gastric cancer, other advanced solid tumors, and all responding patients of 89%, 100%, 100%, and 93%, respectively. Median progression-free survival was 11.1 months and the 12-month overall survival rate was 73.6%. The confirmed ORR by BIRR in MSI-H/dMMR CRC patients treated with envafolimab who failed a fluoropyrimidine, oxaliplatin and irinotecan was 32%, which was similar to the 28% confirmed ORR reported in the OPDIVO package insert in MSI-H/dMMR CRC patients who failed a fluoropyrimidine, oxaliplatin, and irinotecan treatment and the 33% confirmed ORR reported for KEYTRUDA in MSI-H/dMMR CRC patients who failed a fluoropyrimidine, oxaliplatin and irinotecan treatment in cohort A of the phase 2 KEYNOTE-164 trial. Envafolimab was well tolerated in this study and no cases of immune-related pneumonitis, immune-related colitis, or immune-related nephritis were reported.
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LVOX | Hot Stocks08:08 EST LiveVox partners with AppSmart, 'continues to build channel momentum' - LiveVox Holdings has announced a partnership with AppSmart the leading marketplace for businesses and technology advisors to find, buy and manage technology services. "The new partnership enables LiveVox to educate AppSmart's technology advisors on the benefits of its performance-driven, omnichannel contact center solutions - allowing LiveVox to reach an expanded customer-base. LiveVox provides businesses with a unified approach to delivering exceptional customer experiences by offering contact center solutions that are easy to implement and optimize. Under the terms of the agreement, 5,500+ AppSmart technology advisors will have access to all of LiveVox's cloud-based solutions to make them available to over 100,000 businesses in the AppSmart ecosystem. As a result, LiveVox will have the opportunity to grow its already extensive list of customers while showcasing its all-in-one solutions and differentiation next to peers and industry leaders," said the company in a statement. "AppSmart is the leading marketplace for B2B technology services and solutions with an expansive ecosystem of advisors and businesses that will help LiveVox continue to scale and expand our customer-base with the digital transformation tailwinds we are currently experiencing," said LiveVox CRO Erik Fowler. "This agreement is another crucial step in our continued commitment to channel growth - including hiring leading industry veterans and aligning ourselves with premier partners." The COVID-19 pandemic has changed the way many organizations are operating. With an increased emphasis on digital transformation and improved CX, LiveVox expects to see greater demand for cloud and the omnichannel engagement tools that contact centers need to meet customers where they are, in any environment.
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VIRX | Hot Stocks08:08 EST Viracta Therapeutics announces ODD granted by FDA for Nana-val - Viracta Therapeutics announced that the U.S. Food and Drug Administration, FDA, has granted its all-oral combination product candidate, nanatinostat and valganciclovir, Nana-val, orphan drug designation, ODD, for the treatment of Epstein Barr virus-positive diffuse large B-cell lymphoma, not otherwise specified. DLBCL is the most common subtype of non-Hodgkin lymphoma, NHL, in the U.S. and worldwide, accounting for approximately 25% of newly diagnosed cases of NHL in the U.S, of which a subset are EBV+. Viracta has previously received ODD from the FDA for the treatment of T-cell lymphoma, post-transplant lymphoproliferative disorder and plasmablastic lymphoma. "This latest orphan drug designation underscores the potential benefits of our all-oral kick and kill approach to targeting EBV-positive cancers," said Ivor Royston, M.D., President and Chief Executive Officer of Viracta. "Nana-val has shown promising preliminary efficacy across multiple subtypes of relapsed/refractory EBV-positive lymphoma, including DLBCL. We are dosing patients in the pivotal NAVAL-1 trial, which includes patients with EBV-positive DLBCL, and look forward to its continued momentum with sites now open for enrollment in the U.S., Europe, and Asia. Through NAVAL-1's progress, we aim to further develop Nana-val as a new and actionable therapy in indications where many patients recur from the standard of care and have particularly poor prognoses."
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GOED | Hot Stocks08:07 EST 1847 Goedeker names Jody Rusnak as chief merchandising, brand innovation officer - 1847 Goedeker announced that it has appointed Jody Rusnak as chief merchandising and brand innovation officer. Rusnak will oversee the company's efforts related to customer acquisition, marketing, merchandising strategy and related areas. His start date is November 29. Rusnak was most recently a senior leader and the director of Appliances and Electronics at Nebraska Furniture Mart, which is a Berkshire Hathaway subsidiary.
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ATXI | Hot Stocks08:06 EST Avenue Therapeutics announces FDA committee meeting date for IV Tramadol NDA - Avenue Therapeutics announced that the FDA has informed the Company that a joint meeting of the Anesthetic and Analgesic Drug Products Advisory Committee and the Drug Safety and Risk Management Advisory Committee is tentatively scheduled for February 15, 2022. The committees will discuss the IV tramadol New Drug Application. The FDA has previously stated that input from an Advisory Committee is needed for the Office of New Drugs to reach a decision on Avenue's formal dispute resolution request and that the OND will respond to Avenue's appeal within 30 calendar days after the Advisory Committee meeting.
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TCNNF | Hot Stocks08:06 EST Trulieve Cannabis issues first inaugural ESG report - Trulieve Cannabis announced the publication of its first Environmental, Social, and Governance, ESG, Report. The Report contains standard disclosures from the Global Reporting Initiative, GRI, Sustainability Reporting Standards, The Sustainability Accounting Standards Board, SASB, as well as the United Nations Sustainable Development Goals. The Report highlights ESG achievements to date and serves as a foundation for demonstrating how the Company's ESG approach, strategies and commitments are embedded within its core business. Key takeaways from the ESG report include: Conducted inaugural materiality assessment with an ESG consultant to identify and prioritize key non-financial topics; Formed a cross functional ESG Steering Committee; Established ESG targets for 2022; Reviewed Trulieve's environmental sustainability, approach to community engagement and social responsibility, and corporate governance protocols; and Discussed DEI initiatives
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NDRA | Hot Stocks08:05 EST Endra Life Sciences teams with VGI Health Technology to provide TAEUS - ENDRA Life Sciences and VGI Health Technology announce today the signing of a collaboration agreement to incorporate ENDRA's proprietary TAEUS technology to support patient screening and biomarker measurement during VGI's upcoming Phase 2 study of IVB001 in Non-Alcoholic Fatty Liver Disease, NAFLD, and Non-Alcoholic Steatohepatitis. "We are delighted to partner with VGI to help advance the clinical development of IVB001. It's clear that pharmaceutical companies and contract research organizations driving the NAFLD-NASH therapy pipeline face the same hepatic steatosis measurement challenges using MRI and liver biopsy as end-user clinicians face. By adding ENDRA's cost-effective, non-invasive TAEUS technology to VGI's clinical trial protocol, we expect to deliver time and cost savings through simpler, faster and non-invasive biomarker measurements of liver fat," commented ENDRA's Chief Executive Officer Francois Michelon. "In addition, we are excited to expand and strengthen our global presence into Australia, which provides further opportunity to educate care providers and patients alike regarding the importance of detection and treatment of this condition." "We are excited to incorporate ENDRA's technology in our Phase 2 study of IVB001 in NAFLD-NASH," said VGI's Chief Executive Officer and Managing Director Glenn Tong, Ph.D. "There is enormous potential value in capturing data on the degree of hepatic steatosis and other biomarkers at the front-end, and throughout the study, to refine our understanding of systemic variables associated with NAFLD-NASH. We believe ENDRA's TAEUS system is uniquely designed to accomplish this task for us. VGI's focus on innovation leads us to explore new technologies like TAEUS that can drive efficiencies in the execution of our clinical studies." In September 2015 a Phase 1a clinical study with IVB001 met all primary endpoints including confirmation of the bioavailability of the compound with good plasma levels, dose relationship and duration of plasma levels achieved. Research from a number of groups using orally delivered tocotrienols to treat NAFLD-NASH have shown promising results in improving liver function and bringing about favorable histological changes in NAFLD-NASH. This points to transmucosally delivered tocotrienols like VGI's IVB001 having great potential to address this intractable disease where there is no approved treatment.
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CELU | Hot Stocks08:05 EST Celularity announces FDA clearance of IND application for CYNK-101 - Celularity announced the U.S. Food and Drug Administration has cleared its Investigational New Drug application for the use of CYNK-101 in combination with standard chemotherapy, trastuzumab and pembrolizumab in patients with first-line locally advanced unresectable or metastatic HER2/neu positive gastric or gastroesophageal junction adenocarcinoma. CYNK-101 is an investigational genetically engineered natural killer cell therapy designed to enhance antibody-dependent cellular cytotoxicity with approved and novel antibody therapeutics. The Phase 1/2a open-label, non-randomized clinical trial is designed to evaluate the safety and preliminary efficacy of the combination treatment strategy.
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TG | Hot Stocks08:05 EST Tredegar ownership interest in kaleo to be sold for $45.8M - Tredegar reported that its approximate 18% ownership interest in kaleo is expected to be sold pursuant to an agreement, whereby Marathon Asset Management will be providing kaleo shareholders a full liquidity event opportunity. Closing of the transaction, which is contingent upon the satisfaction of customary conditions, is anticipated to occur by December 31. Tredegar owns 3,382,473 shares of kaleo. Closing of the transaction as of December 31 is projected to result in cash proceeds for Tredegar of $45.8M, or $13.33 per kaleo share plus approximately $0.7M in accrued preferred stock dividends. Tredegar has the potential to receive additional cash consideration within approximately six months of closing of up to $1.4M in certain post-closing adjustments. Tredegar also has the opportunity to receive cash consideration of up to $5.5M in 2023 and $8.3M in 2024, contingent upon kaleo achieving certain net revenue targets in 2022 and 2023, respectively. There can be no assurance as to how much Tredegar will actually receive, if any, in post-closing payments, including with respect to the amounts based on kaleo's net revenue results in future years. The estimated fair value of Tredegar's investment in kaleo as of September 30, as reported in its financial statements, was $35.5M. Tredegar made its investments in kaleo in August 2007 and December 2008 with an aggregate cost basis of $7.5M. Tredegar received a cash dividend of $17.6M from kaleo on April 30, 2019. The tax basis of Tredegar's investment in kaleo is $15.4M and Tredegar expects for tax purposes to utilize capital loss carryforwards of approximately $25M to partially offset the capital gains anticipated from the closing of the transaction.
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CEMI | Hot Stocks08:04 EST Chembio Diagnostics receives SAHPRA approval for DPP SARS-CoV-2 Antigen Test - Chembio Diagnostics announced receipt on November 26, 2021, of South Africa Health Products Regulatory Authority approval for the DPP SARS-CoV-2 Antigen test, authorizing marketing and distribution of the test for use at the point-of-care by professional healthcare providers.
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TFII | Hot Stocks08:03 EST TFI International acquires D&D Sexton, terms not disclosed - TFI International announced the acquisition of D&D Sexton. Based in Carthage, Missouri, D&D has been a family-owned business for more than 40 years, specializing in refrigerated transportation and serving a long-standing customer base with both long-haul over-the-road services as well as local and shuttle operations. D&D has more than 150 company drivers and owner operators, and close to 40 non-driving employees. Operating more than 120 tractors and nearly 400 refrigerated and dry van trailers, D&D generates annualized revenues in excess of $25 million. The acquired business will operate within TFI International's CFI group of companies. Terms of the transaction were not disclosed.
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ATNX | Hot Stocks08:02 EST Athenex announces MAA for oral paclitaxel has been validated by UK MHRA - Athenex announced that its Marketing Authorization Application for oral paclitaxel and encequidar for the treatment of advanced breast cancer has been validated by the United Kingdom's Medicines and Healthcare products Regulatory Agency for review. The application qualifies for a 150 day assessment by which a decision on approvability of the product will be provided. A single pivotal Phase III study of Oral Paclitaxel served as the basis of the MAA. The study was a randomized, controlled clinical trial designed to compare the safety and efficacy of Oral Paclitaxel monotherapy versus IV paclitaxel monotherapy in patients with metastatic breast cancer. As previously reported, the study successfully achieved its primary endpoint showing statistically significant improvement in overall response rate, along with a lower incidence of neuropathy, for Oral Paclitaxel compared to IV paclitaxel.
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WTHVF | Hot Stocks07:54 EST Westhaven Gold appoints Paul McRae as independent director - Westhaven Gold is pleased to announce the addition of Paul McRae to the Board of Directors. Mr. McRae's career spans more than 40 years and includes a track record of on time and on budget major underground projects for INCO, including McCreedy East, Garson and Birch Tree Mines. Westhaven has granted 400,000 incentive stock options to a director. The incentive stock options have an exercise price of $0.50 per share, are valid for a 5-year period from the date of grant and are subject to regulatory approval. The Company's Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share capital in the form of incentive stock options. As a result of this grant, the Company has 9,945,589 stock options issued, representing 7.9% of the issued and outstanding share capital.
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ORVRF | Hot Stocks07:49 EST Orchid Ventures sees path to revenue, profit growth in 2022 - The company said, "Management expects that their continued commitment and execution to their strategic priorities, driven by further developing and fine-tuning their product offerings and go-to-market strategies, will place them on a consistent path to revenue and profit growth in FY 2022. Efforts will continue to focus on creating differentiation with superior, high quality and safe products combined with leveraging new technologies and innovations to disrupt markets, attract more customers and build market share. The Company believes that the new business model and strategy will establish a more viable and attractive option for not just consumers, but for employees and investors as well."
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VET | Hot Stocks07:48 EST Vermilion Energy sees FY22 production guidance of 83,000 to 85,000 boe/d - The company said, "Vermilion's Board of Directors has approved an E&D capital budget of $425M for 2022, which is in line with the preliminary outlook we provided with our Q3 2021 release. This level of capital investment is expected to deliver annual average production of 83,000 to 85,000 boe/d, before taking into account the Corrib Acquisition, while also providing significant FCF to facilitate the reinstatement of a fixed quarterly dividend and further debt reduction. We will update our 2022 guidance once we have confirmation on the timing of the Corrib Acquisition closing date. In North America, we plan to invest approximately $215M of capital, representing a decrease of 3% compared to 2021. The capital program will include the drilling of 50 wells... We plan to invest approximately $210M across our international assets, representing an increase of 36% compared to 2021. The increase is primarily related to Australia where we plan to drill two offshore wells in Q2 2022... Based on forward commodity prices, we forecast 2022 full-year pro forma FFO in excess of $1.45B and FCF in excess of $1.0B."
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FURY | Hot Stocks07:47 EST Fury Gold Mines provides results for drill holes at Eau Claire project - Fury Gold Mines is pleased to provide results for six core drill holes at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The drilling focused on demonstrating the potential to expand the deposit to the west on both the Hinge and Limb target areas. Drill hole 21EC-041 targeted the Hinge zone of the anticline that defines the geometry of the deposit and the interbedded magnesium and iron-rich basaltic units that host the majority of the resource. The drill hole intersected seven zones of mineralization over a 110-metre drill width, including 3.0 metres of 9.36 g/t gold, 3.0m of 3.38 g/t gold and 1.5m of 4.94 g/t gold. The multiple stacked zones of mineralization demonstrate that the deposit is open down plunge to the west and is situated approximately 100m below the defined resource at the deposit. Fury believes that the down plunge extension of the Eau Claire deposit has the potential to significantly expand the current resource. The Hinge target located to the west of the defined Eau Claire resource is defined by a 20- to 30-degree plunge of the anticline that defines the geometry of the deposit. The plunging anticline is interpreted to extend approximately one kilometre to the west based on geologic mapping and geophysical data that demonstrates a plunging conductivity anomaly that images the sediments hosted in the core of the fold. To date a total of four drill holes have tested the Hinge geometry of the Eau Claire anticline within the interbedded magnesium and iron rich basaltic units that host the bulk of the resource at the Eau Claire deposit. The results of these four drill holes demonstrates the potential to discover multiple stacked high-grade veins as evidenced by the 3m of 9.36 g/t gold and the previously announced intersection of 1m of 12.81 g/t in drill hole 21EC-032. Fury's technical team is currently planning the next series of drill holes into the Hinge zone with drill fences across the Hinge zone being planned on 50m to 100m step outs to the west. Seven drill holes targeted the direct extension of the 450-zone mineralization at the Limb target. All drill holes intersected stacked zones of quartz tourmaline veining proximal to quartz porphyry dykes that are consistent geologically with mineralization within the Eau Claire resource. Although no high-grade intercepts of mining width were encountered in the drilling the hydrothermal system remains open and the Company is further evaluating Limb targets further to the west. Complete drill results are presented below for both the Hinge and Limb targets. Fury's technical team views the results from the limited drilling completed to date at both the Hinge and the Limb targets as very encouraging. Every drill hole intersected quartz tourmaline veining consistent with what is observed at the Eau Claire deposit confirming that the mineralized system and more importantly the prospective interbedded magnesium and iron rich basalts remain open to the west. Drill hole 21EC-041 is the furthest west hole completed to date beneath the 850 zone, this hole has extended resource grade mineralization a further 100m to the west of Fury's previous drilling and 80m below previously identified mineralization at the 850 zone.
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VET EQNR | Hot Stocks07:45 EST Vermilion Energy to acquire Corrib for $434M - Vermilion (VET) has entered into an agreement with Equinor ASA to acquire its wholly owned subsidiary Equinor Energy Ireland (EQNR) which owns a 36.5% interest in Corrib for total consideration of $434M, before closing adjustments and contingent payment. The acquisition has an effective date of January 1, 2022 and is expected to close in the second half of 2022 after all requisite approvals have been received. The cash payment on closing will be reduced by the interim FCF generated from the effective date to closing. Based on forward commodity prices, the company estimates a cash payment on closing in the range of $200M-$300M, depending on the actual closing date, which is expected to fund within 2022 FCF. The Corrib Acquisition will add approximately 23 mmboe of 2P reserves and is expected to produce approximately 7,700 boe/d in 2022. As part of the transaction, the company has entered into an agreement with Equinor to hedge approximately 70% of the production for 2022 and 2023, and have also agreed to a contingent payment on a portion of the 2022 revenue if European gas prices exceed a certain level. The contingent payment will be calculated by multiplying 12.5% of 2022 production by the difference between average 2022 NBP prices and 102 pence/therm, provided this difference is positive, and up to a maximum of $25M.
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SLF DOCRF | Hot Stocks07:45 EST Sun Life Financial, CloudMD partner to expand Mental Health Coach services - The need to support Canadians and their mental health has never been greater. To help more people access care, Sun Life is expanding its partnership with CloudMD, the creators of Mental Health Coach. Following a successful seven-month pilot program, Sun Life will begin rolling out Mental Health Coach as part of its Group Benefits offering. Despite many Canadians experiencing mental health issues, a Sun Life study found over half are not seeking medical care. Cost, access, and feelings of embarrassment are the top barriers to blame. Sun Life and CloudMD are bridging the gap with Mental Health Coach. The service uses data analytics to identify Clients who are at risk of developing a mental health issue. It then proactively reaches out to guide Clients to the right resources and support. A Mental Health Coach team member meets virtually or by phone with the plan member. They walk the plan member through a mental health assessment and create a personalized plan based on the benefits available to them. The Mental Health Coach service monitors the plan members' progress and provides regular check-ins. They offer feedback and encouragement and can re-assess the plan member at any point in their journey. During the pilot, Sun Life worked closely with CloudMD to test and refine the Mental Health Coach service. Findings from the Mental Health Coach pilot include: 89% of those experiencing depression and 91% of those experiencing anxiety noticed 'major improvements'. 73% said they have a better understanding of their benefits. 82% said they would recommend the service based on their own experience. 46% increase in plan members utilizing their mental health benefits for the first time.
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ASTL | Hot Stocks07:43 EST Algoma Steel, CIB finalize agreement to finance green steel transformation plan - The Canada Infrastructure Bank and Algoma Steel have entered into a definitive agreement with respect to the CIB's previously announced commitment to finance the transformational upgrade of Algoma's steelmaking processes at its facility in Sault Ste. Marie, Ontario. Under the terms of the agreement, the CIB will provide up to CDN $220 million in financing towards the approximately CDN $700 million transformation to electric arc furnace steelmaking. On November 10, 2021, Algoma's Board of Directors authorized the construction of two new electric arc furnaces to replace Algoma's existing basic oxygen steelmaking operations. The CIB financing will enable Algoma to purchase state-of-the-art equipment to facilitate the EAF transformation, which is expected to cut greenhouse gas emissions by approximately 70%, representing more than 3 million metric tonnes per year by 2030. This is equivalent to taking more than 900,000 passenger vehicles off the road - almost the same number of passenger vehicles in Toronto. Quick Facts: Algoma employs approximately 2,600 Canadians and is Canada's only fully integrated producer of steel plates, making it a leader in the production of hot and cold rolled steel sheet and plate. The CIB seeks to finance up to CDN $5 billion into green infrastructure projects which are in the public interest and support Canadian sustainable economic growth. All CIB investments are subject to approval of its Board of Directors
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DCGO | Hot Stocks07:41 EST DocGo receives ISO 27001 certification for application infrastructure - DocGo announced it has received ISO 27001 certification for its application infrastructure, which includes Ambulnz, a mobile medical services and transportation provider, and HealthPoint, DocGo's patient EMR. The leading international standard for information security, ISO 27001 is published by the International Organization for Standardization in partnership with the International Electrotechnical Commission . To receive this prestigious certification, DocGo underwent a formal, third-party audit to verify that DocGo's existing controls, processes and procedures met the required security standards. The certification is evidence that DocGo complies with the highest international standard, underscoring the company's ongoing commitment to safety and security. "From inception, DocGo's software has been built on a foundation of security and HIPAA-compliance, above all else," said Anthony Capone, President of DocGo. "Receiving the ISO 27001 certification is a testament to our commitment to secure technology. As we grow as an organization and expand our capabilities, we will always continue to prioritize information and data security." DocGo is redefining on-demand access to healthcare, leveraging its AI-powered proprietary technology and expert healthcare professionals. The company delivers Mobile Health services at scale for hospital networks, governmental entities, and enterprise customers to provide high-quality, highly affordable care to patients when and where they need it most. DocGo's mobility solutions, enabled through highly coordinated logistics and focus on exceptional patient care, gives patients much-needed access to medical attention outside of the traditional four walls of the medical establishment.
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REKR | Hot Stocks07:41 EST Rekor One to be deployed in Stamford, Watertown and Middlebury, Connecticut - Rekor Systems announced that its Rekor One platform will be deployed in Stamford, Watertown and Middlebury, Connecticut. In the past six months, the Company's technology has expanded into 26 cities in the United States. Additional new cities include Chattanooga, Tennessee; Tampa, Florida; Columbus, Ohio; Salt Lake City; Las Vegas; and St. Louis. This significant growth highlights the Company's growing business among new and current customers as part of the Company's land-and-expand strategy.
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SVOK BOXD | Hot Stocks07:40 EST Boxed to acquire MaxDelivery, terms not disclosed - Boxed announced the signing of a definitive agreement to acquire MaxDelivery, one of New York's first on-demand grocery delivery services. The transaction is expected to close in December 2021, subject to certain undisclosed financial terms and customary closing conditions. The company said, "MaxDelivery provides New Yorkers with a fast, easy, and convenient way to have a broad assortment of groceries delivered directly to their door on-demand, through its one-hour delivery service in Manhattan. Since its inception in 2004, MaxDelivery has consistently delivered premium quality service to its customers, processing approximately 2 million orders to date. MaxDelivery differentiates itself from other ultrafast delivery businesses due to its high average order values of approximately $100, helping yield a history of strong unit economics. Further, all of its employees are full time W-2s, as opposed to 1099 contractors, which allows MaxDelivery to offer consistent quality service, driving customer loyalty with approximately 98% of orders coming from repeat customers each year. Through the acquisition, Boxed will broaden its capabilities in micro dark-store fulfillment and rapid on-demand grocery delivery. Boxed customers in select markets will also enjoy a significantly expanded fresh assortment offering. MaxDelivery will also become a client of Boxed's Software & Services, adopting its proprietary commerce technology to help enable scalability of its operations, and expansion into additional markets over time." On June 13, 2021, Boxed and Seven Oaks Acquisition, a publicly-traded special purpose acquisition company, entered into a definitive agreement relating to the business combination that would result in Boxed becoming a public company upon the closing of the transaction.
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HCAQ | Hot Stocks07:34 EST Hyperfine, Liminal, HealthCor announce effectiveness of registration statement - Hyperfine, Liminal Sciences, and HealthCor Catalio Acquisition announced that the Securities and Exchange Commission has declared the Registration Statement on Form S-4 in connection with the proposed business combination between the companies to be effective. An extraordinary general meeting of HealthCor shareholders to approve the proposed business combination, will be held on December 21, 2021.
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APTO | Hot Stocks07:32 EST Aptose Biosciences to hold corporate update on December 13 - Aptose Biosciences announced that the company management team will provide a corporate update on Monday, December 13, 2021 at 5:30 PM ET, in conjunction with participation at the 2021 ASH Annual Meeting. The event will include a review of HM43239 data highlighted in an oral presentation at ASH, as well as the up-to-date clinical status of luxeptinib. HM43239 is an oral, myeloid kinome inhibitor in an international Phase 1/2 trial in patients with relapsed or refractory acute myeloid leukemia. Luxeptinib is an oral, dual lymphoid and myeloid kinome inhibitor in a Phase 1 a/b trial in patients with relapsed or refractory B cell malignancies who have failed or are intolerant to standard therapies, and in a separate Phase 1 a/b trial in patients with relapsed or refractory AML or high risk myelodysplastic syndrome.
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BCLI | Hot Stocks07:32 EST BrainStorm announces presentation of new analyses from Phase 3 trial of NurOwn - BrainStorm Cell Therapeutics announced the presentation of new analyses from the Phase 3 trial of NurOwn at the 4th Annual ALS ONE Research Symposium. The presentation, which will be delivered Tomorrow, showed that although the Phase 3 trial did not reach statistical significance on the primary and secondary endpoints, pre-specified and post hoc analyses leveraging different methods of exploring the heterogeneity of baseline disease in the trial, revealed the potential for a meaningful treatment effect across endpoints when focusing on a subset of participants with less severe disease at baseline. Additional key findings from the presentation included: The observed potential treatment effect of NurOwn on ALS disease progression in participants with less severe disease was protected by randomization; The Phase 3 trial of NurOwn in ALS included a higher percentage of participants with advanced ALS at baseline compared to other trials, resulting in a lower baseline mean; In the subgroup of participants that are predicted by the ENCALS model to have long to very long survival, NurOwn treated participants had a greater percentage of responders compared to placebo; In the pre-specified subgroup of participants with ALSFRS-R greater than or equal to 35 at baseline, NurOwn had a greater percentage of responder compared to placebo; and Analyses that focus both on baseline ALSFRS-R and ENCALS model categories suggest that efficacy measurements are impacted in participants with more severe disease. "These compelling analyses add to the positive momentum behind our ALS program, and we were pleased to have the opportunity to share them with the clinical community at this year's ALS ONE Research Symposium," said Stacy Lindborg, PhD, Executive Vice President and Chief Development Officer, Brainstorm Cell Therapeutics. "We are very encouraged by the observation that there appears to be a meaningful treatment effect in patients with less severe disease at baseline that is consistent when using baseline ALSFRS-R scores and the ENCALS model which incorporates additional important disease characteristics that have been shown to be predictive of survival time. We believe this is an important finding, especially since this effect was protected by randomization. Looking ahead, we are eager to share additional analyses from our Phase 3 trial with the clinical community through a peer reviewed publication and remain committed to pursuing the best and most expeditious path forward to bring NurOwn to patients with ALS."
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VRCA | Hot Stocks07:31 EST Verrica Pharmaceuticals announces resubmission of NDA for VP-102 - Verrica Pharmaceuticals announced that it has resubmitted the New Drug Application for VP-102 for the treatment of molluscum contagiosum to the U.S. Food and Drug Administration. The resubmission is limited to those sections and elements of the NDA that were identified as deficiencies in the Complete Response Letter issued by the FDA in September 2021. The resubmission addresses the successful resolution of inspection deficiencies identified at a contract manufacturing organization in the CRL, as well as the recommendations included in the General Advice Letter received from the FDA that relate to VP-102's user interface.
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EGLX NLSN | Hot Stocks07:30 EST Enthusiast Gaming says Esports audience rises in new Nielsen report - Enthusiast Gaming Holdings (EGLX) announced the results of its second collaboration with Nielsen (NLSN), the global leading source for media and sports measurement, to measure the total social reach and Twitch viewership of the Company's Luminosity Gaming esports audience. As esports viewership continues to increase for Gen Z and Millennial audiences, Nielsen's measurement of Luminosity Gaming's audience provides trusted verification for brands looking to reach and engage this demographic. Based on the results of the second Nielsen study for the period of October 1 - October 31, 2021, Luminosity Gaming's esports audience delivered growth in viewership across all metrics on Twitch. Notably, hours watched on Twitch for Luminosity Gaming increased 20% over the previous study from July 2021. The Nielsen study also showed that Luminosity Gaming remained the No. 1 ranked esports team on Twitch for hours watched, average concurrent viewers, and peak concurrent viewers (CCV) in October 2021. Average CCV and peak CCV increased 13% and 7% over the July study, respectively. Moreover, Luminosity Gaming's hours watched were 38% higher than the nearest esports competitor, and this margin grew by 16% since the last study.
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BATL | Hot Stocks07:28 EST Battalion Oil announces strategic refinancing - Battalion Oil Corporation announced it has closed an agreement with a group of lenders for a new first lien delayed draw term loan facility for up to $235 million bearing interest of LIBOR plus 7.00% on drawn amounts. Initial borrowings of $200 million will allow Battalion to repay all outstanding loans and obligations under the Company's previous senior revolving credit facility and add significant cash to the balance sheet after fees and expenses. The Company will have approximately $35 million of additional capacity under the Term Loan which will be available for future development of the Company's Monument Draw asset.
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KRON | Hot Stocks07:27 EST Kronos Bio announces data from ongoing Phase 1/2 trial of KB-0742 - Kronos Bio announced data from the ongoing Phase 1/2 clinical trial of KB-0742, the company's internally discovered, highly selective, oral cyclin dependent kinase 9 inhibitor being developed to treat MYC-amplified solid tumors. An interim analysis of the ongoing dose escalation stage of the trial demonstrated a differentiated pharmacokinetic profile and evidence of target engagement for KB-0742. The PK analysis showed oral bioavailability and dose-proportional exposure across the first three dose levels, with low to moderate variability between patients. Among the 12 patients treated in the trial, KB-0742 had a terminal half-life of 24 hours, with approximately 2 to 2.5-fold accumulation between Day 1 and Day 10. This long plasma half-life supports Kronos Bio's approach to defining a therapeutic window for CDK9 inhibition. Proprietary target engagement assays developed and prospectively validated by Kronos Bio demonstrated dose-dependent reduction of phosphorylation of Ser2 on RNA Polymerase II, a direct substrate target of CDK9, as well as reduced expression of CDK9-dependent genes in peripheral blood mononuclear cells from patients at each of the three dose levels. Consistent with the company's preclinical modeling, further dose escalation is required to reach desired levels of CDK9 inhibition. The nature and severity of the adverse events observed has been consistent with what is typically seen among heavily pretreated patients with advanced cancer in Phase 1 trials, and Kronos Bio is continuing to enroll the trial. The trial consists of two stages. The first and ongoing stage is assessing the safety, PK and PD profile of KB-0742. This dose escalation stage is designed to define, as efficiently as possible, the recommended Phase 2 dose and schedule and is not specifically enrolling patients based on MYC status, which would lengthen the timeline. The second stage of the trial will enroll patients with MYC-amplified or over-expressing tumors, as well as other transcriptionally addicted tumor types to assess the anti-tumor activity of KB-0742 at the RP2D. Kronos Bio is continuing to enroll patients in the dose-escalation stage of the study and anticipates presenting data from the study at a future medical conference.
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SLNH | Hot Stocks07:26 EST Soluna launches curtailment assessment service for clean power producers - Soluna Holdings announced that it is now offering a custom estimating service for clean energy power plant owners and developers looking to reduce costly curtailment problems. The custom Curtailment Assessment is an NDA-protected review of proprietary, project-level data to estimate both lost and recoverable revenue with the addition of flexible offtake of curtailed power by Soluna's modular data centers.
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VBNK | Hot Stocks07:26 EST VersaBank expands closed ecosystem testing for DDRs - VersaBank announced an expansion to the scope and functionality of the closed ecosystem testing of its Digital Deposit Receipts, DDRs. As an investment-grade issuer-backed digital asset, represented by actual US or Canadian-dollar deposits with VersaBank, the Bank's DDRs are expected to be a regulatory compliant alternative to current "stablecoins" for mainstream financial applications. The expanded closed ecosystem testing, undertaken with VersaBank's blockchain technology partner Stablecorp, adds US dollar-denominated DDRs, the Algorand and Ethereum blockchains, as well as testing with a Receipt Distributor, who will become one of the primary distributors of the Bank's DDRs at commercial launch. "We are very pleased with the progress and outcomes to date of our Digital Deposit Receipt closed ecosystem testing, which is demonstrating that the DDR model is functioning as designed and managing digital assets in a secure, trusted and attestable manner," said David Taylor, President and Chief Executive Officer, VersaBank. "VersaBank's DDRs are a natural extension of our existing digital deposit services that, when placed on a public blockchain and supported by the security of the Bank's own VersaVault digital asset security technology, become a completely unique, game changing, financial innovation." Taylor added, "Over the last several months, we have seen increasing calls in North America and globally from both the private and public sectors for oversight and regulation of private company-issued stablecoins. As a Schedule I Bank with an investment grade rating, VersaBank's DDRs are very well aligned with the direction that such regulation appears to be heading. We are proud to be the first mover in this space and are very enthusiastic about the potential of DDRs."
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ATAI CMPS | Hot Stocks07:25 EST Atai Life Sciences increases ownership position in Compass Pathways - atai Life Sciences (ATAI) announced that it has increased its ownership interest in COMPASS Pathways (CMPS), from 19.4% to 20.8%. This equity stake increase is a demonstration of atai's confidence in COMPASS Pathways and in the potential of COMP360 in mental health care, following the recent COMP360 data in treatment-resistant depression. This solidifies atai's position as COMPASS' largest shareholder. Over 300 million people worldwide live with depression and, of these, a third struggle with TRD that cannot be managed by currently available options.1,2 COMPASS's Phase 2b trial of COMP360 psilocybin in TRD is the largest and most robust trial ever to be conducted with psilocybin. Participants in this COMPASS trial had previously failed on two to four antidepressants. The 233-patient, 22-site, randomized, controlled, double-blind dose-controlled trial with COMP360 reported rapid and durable results in reducing depression, when combined with psychological support, and was generally well tolerated. A single 25mg dose achieved a 6.6 point reduction, from baseline to week three, on the Montgomery-Asberg Depression Rating Scale, successfully meeting the primary endpoint. Most standard selective serotonin reuptake inhibitor antidepressants were approved on just a 2-3 MADRS point reduction in a general major depressive disorder patient population, and several weeks are typically required to show a significant benefit. Another comparable, intranasal esketamine has demonstrated only a 4 MADRS point reduction at 28 days vs. placebo in TRD, thus highlighting the potential of COMP360 in this challenging patient population. Despite the mounting problem of mental health in recent years, further compounded by the pandemic, innovation has been sorely lacking; only seven new treatments have been approved by the FDA for psychiatric disorders since 2015.. In 2018, COMP360 received Breakthrough Therapy Designation from the U.S. Food and Drug Administration for TRD.8 COMPASS has recently expanded the indications of interest to post-traumatic stress disorder and initiated an additional Phase 2 study. COMPASS also reported positive signals from an open-label investigator-initiated study in the U.S. of COMP360 for depression in cancer.9,10 COMPASS' Phase 3 study of psilocybin in TRD is anticipated to launch in 2022. Furthermore, COMPASS is exploring the potential of COMP360 towards several further potential indications including type 2 bipolar disorder depression, anorexia nervosa, body dysmorphia, suicidal ideation and autism. The company said, "As we ultimately believe there is no one-size-fits-all solution in the treatment of mental health conditions, atai is progressing a pharmacologically-diverse array of programs, spanning psychedelics, non-psychedelics, and is developing innovative digital therapeutics to address the areas of highest unmet need in mental health. By developing COMP360 and other novel 5-HT2a agonists, COMPASS is highly complementary to our diversified platform and fully aligns with our vision to heal mental health disorders, so that everyone, everywhere can live a more fulfilled life."
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ORGS | Hot Stocks07:23 EST Orgenesis, Theracell JV to receive up to EUR 32M from Greek government - Orgenesis Inc. (NASDAQ: ORGS) ("Orgenesis" or the "Company"), a global biotech company working to unlock the full potential of cell and gene therapies, today announces that its joint venture (JV) with Theracell Advanced Biotechnology S.A. in Greece has been designated a "Priority Investment of Strategic National Importance." The designation was awarded by Enterprise Greece, the official Greek national investment and trade promotion agency, which is responsible for the allocation of the government funds. As a result of this designation, the JV will be inducted into Greece's fast-track licensing and approval process. This is expected to help advance development and clinical use of Theracell's cell and gene therapies within the point-of-care setting, subject to regulatory requirements. In addition, the JV has been approved to receive a grant of up to EUR 32 million from the Greek government upon its request depending on the JV's requirements. These funds will be used to accelerate the development of Theracell's therapies. The funds are also intended to support the process development and manufacturing of the therapies at the clinical sites, utilizing Orgenesis Mobile Processing Units and Labs. OMPULs are multi-purpose mobile autonomous good manufacturing practice facilities intended to develop, optimize and manufacture cell and gene therapies at the point of care. This JV builds on an original agreement signed by Orgenesis and Theracell in March 2019. This was extended in December 2019, with a strategic partnership agreement to implement Orgenesis' POCare cell therapy platform for clinical development and commercialization of cell and gene therapies within public and private hospitals in Greece. The new program has been constructed with the intention to provide the Greek National Health System with resources to specifically advance clinical development and deliver personalized, advanced therapies across its network. These therapies are expected to target a wide range of diseases in oncology, hematology and other serious unmet medical needs. The program aims to provide patients in Greece with cell and gene therapy treatments that are affordable, available and accessible.
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CGRN | Hot Stocks07:21 EST Capstone Green Energy, PowerTap sign licensing, manufacturing agreement - PowerTap Hydrogen Capital is pleased to announce that it has signed a strategic manufacturing and licensing agreement with California-based Capstone Green Energy for the prototype manufacturing of PowerTap's proprietary 3rd generation hydrogen production and dispensing station. Each PowerTap Unit is modular in design and utilizes PowerTap's proprietary technology to produce and dispense blue hydrogen onsite. PowerTap is focused on meeting the large deficiency in hydrogen infrastructure via its unique PowerTap 3 on-site hydrogen production and fueling system. PowerTap's patented solution includes a compact SMR technology to create on-site hydrogen production versus traditional offsite production methods. As a result of the new strategic agreement, Capstone Green Energy will manufacture the small footprint product for PowerTap for use in fueling stations and as part of Capstone's distributed energy low emission microgrid solutions. The PowerTap 3rd generation turns natural gas, including renewable natural gas, into onsite hydrogen and intends to leverage an innovative carbon capture system.
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KONEF | Hot Stocks07:20 EST Ketamine One provides update on managment cease trade order - KetamineOne Capital is providing this update on the status of a management cease trade order granted on November 1, 2021 by the British Columbia Securities Commission under National Policy 12-203 - Management Cease Trade Order. On November 1, 2021, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements, annual information form and accompanying management's discussion and analysis for the fiscal year ended July 31, 2021 beyond the period prescribed under applicable Canadian securities laws. The Company reports that it anticipates filing the Annual Filings on or about December 10, 2021 and will provide further updates on timing as necessary. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's chief executive officer and chief financial officer will not be able to trade in the Company's shares. Other than as disclosed in this news release, there are no material changes to the information contained in the Default Announcement. The Company confirms that it intends to satisfy the provisions of NP 12-203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement.
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GRTS | Hot Stocks07:19 EST Gritstone says Omnicron variant has minimal impact on TCEs in COVID-19 vaccines - Gritstone bio announced that the SARS-CoV-2 T cell epitopes administered within its self-amplifying mRNA COVID-19 vaccines are minimally impacted by mutations found within the Omicron variant, reinforcing the platform's potential to address emerging variants of concern. The recently described Omicron variant, first identified in South Africa on November 9, 2021, was designated a Variant of Concern by the World Health Organization on November 26, 2021. Early evidence suggests that Omicron carries an increased risk of re-infection, and sequence analysis has revealed many mutations in Spike, including both the N terminal domain and receptor binding domain, which may reduce clinical effectiveness of existing vaccines and/or therapeutic antibodies. Gritstone's CORAL program is a second-generation SARS-CoV-2 vaccine platform delivering a stabilized Spike protein and highly conserved TCEs derived from other SARS-CoV-2 viral genes, offering the potential for more durable protection and broader immunity against SARS-CoV-2 variants. Delivery vectors can comprise self-amplifying mRNA, a chimpanzee adenovirus, or both. Sequence analysis suggests that Gritstone's TCEs are minimally impacted by Omicron. Specifically, of the 146 non-Spike TCE delivered within Gritstone's vaccine currently in clinical trials in the UK and US, only 3 are impacted by Omicron. Similar minimal impact of Omicron is observed in two new vaccine TCE constructs expected to enter clinical trials in South Africa before year end.
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UNCY | Hot Stocks07:17 EST Unicycive Therapeutics receives guidance on Renazorb regulatory pathway - Unicycive Therapeutics provided an update on the development and regulatory filing pathway for Renazorb. Renazorb is a second-generation lanthanum-based phosphate binding agent utilizing proprietary nanoparticle technology being developed for the treatment of hyperphosphatemia in patients with chronic kidney disease, CKD. In a recent Type C interaction with the U.S. Food and Drug Administration, Unicycive sought the FDA's feedback on the sufficiency of the Renazorb data package to support a 505(b)(2) new drug application submission. Unicycive provided results from in vitro studies conducted to support the comparability of Renazorb and its active lanthanum moiety to the approved product Fosrenol. Based on these data, the FDA confirmed in their response that the phosphate-binding mechanism and stoichiometry of Renazorb is comparable to Fosrenol. The FDA also confirmed their previous guidance that Unicycive may support the NDA filing of Renazorb through a 505(b)(2) pathway based on a single clinical bioequivalence study performed in healthy volunteers demonstrating comparable changes in urinary phosphate excretion between Renazorb and Fosrenol. Together with the previously agreed-upon 6-month mouse toxicology, the additional bioequivalence study will provide the necessary bridge to support the NDA submission. No additional pre-clinical or clinical studies are currently expected to be required in support of an NDA submission for Renazorb. "This Type C FDA feedback on Renazorb allows us to confirm our previous guidance to submit an NDA for Renazorb in the fourth quarter of 2022," said Shalabh Gupta, MD., Unicycive's Chief Executive Officer. "We are prepared and funded to complete the healthy volunteer urinary phosphate study for the Renazorb NDA submission. We look forward to working closely with the FDA and continuing our progress toward making this important medicine available to CKD patients and healthcare providers in search of new hyperphosphatemia treatments with the potential to lower the significant pill burden often associated with currently available phosphate binder therapy."
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KRYS | Hot Stocks07:16 EST Krystal Biotech says GEM-3 trial met primary endpoint, secondary endpoint - Krystal Biotech announced topline results from the pivotal GEM-3 trial of investigational beremagene geperpavec, now known as VYJUVEK, for the treatment of dystrophic Epidermolysis Bullosa. The primary endpoint of the trial evaluated complete wound healing of topical VYJUVEK compared to placebo at six-month timepoints and met statistical significance. VYJUVEK is the first non-invasive, topical and redosable gene therapy in development, and the only genetically corrective approach to treat dystrophic EB that has successfully completed a double blinded Phase 3 trial. Highlights of Topline Results from the GEM-3 Trial: 31 patients were enrolled and evaluable for safety and efficacy per the primary intent-to-treat analysis; 67% of wounds treated with VYJUVEK achieved the primary endpoint of investigator assessed complete wound healing at the six-month timepoints as compared to 22% of wounds treated with placebo. 71% of wounds treated with VYJUVEK achieved the secondary endpoint of investigator assessed complete wound healing at the three-month timepoints as compared to 20% of wounds treated with placebo: 51.0%. In an ad-hoc analysis, the trial also demonstrated a statistical difference between the active and placebo groups for wounds that demonstrated complete wound healing at both the three- and six-month timepoints VYJUVEK was well tolerated. No drug-related serious adverse events or discontinuations due to treatment were reported. One mild drug-related adverse event was reported during the trial. The immunogenicity profile of VYJUVEK was consistent with the prior GEM-1/2 study where we observed no meaningful change in anti-HSV-1 or anti-COL7 antibodies. Based on these results, Krystal intends to file a Biologics License Application with the U.S. Food and Drug Administration in the first half of 2022 as the first step in executing its global regulatory and commercialization strategy to bring this investigational therapy to patients in need. The Company expects to submit a Marketing Authorization Application in Europe shortly after the BLA. Exploration of the potential regulatory path forward in other geographies, including Japan, is underway. Krystal will continue to manufacture VYJUVEK using the commercial scale process at its in-house cGMP manufacturing facility, ANCORIS, which was designed to support potential launch. The Company is currently constructing its second, larger, facility ASTRA, which is expected to come on-line in 2022 to help support a potential global launch and the pipeline.
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BPMC | Hot Stocks07:15 EST Blueprint Medicines to acquire Lengo Therapeutics for $250M in cash - Blueprint Medicines announced that the company has entered into a definitive agreement under which it will acquire Lengo Therapeutics, a privately held precision oncology company, for $250M in cash plus up to $215M in additional potential payments based on the achievement of certain regulatory approval and sales-based milestones. The acquisition includes Lengo Therapeutics' lead compound LNG-451, a potential best-in-class oral precision therapy in development for the treatment of non-small cell lung cancer, NSCLC, in patients with EGFR exon 20 insertion mutations. Preclinical data show LNG-451 potently inhibits all common EGFR exon 20 insertion variants with marked selectivity over wild-type EGFR and off-target kinases. Based on these and other preclinical data, Lengo Therapeutics anticipates it will submit an investigational new drug application for LNG-451 to the U.S. Food and Drug Administration in December 2021. "Our acquisition of Lengo Therapeutics deepens our commitment to advancing precision oncology therapies and specifically expands our opportunity to transform treatment for patients with EGFR-driven lung cancer," said Jeff Albers, Chief Executive Officer of Blueprint Medicines. "The Lengo team has done tremendous work in designing a highly selective therapeutic candidate tailored to the needs of patients with EGFR exon 20 lung cancer, including features with the potential to enable treatment or prevention of brain metastases. With our integrated precision therapy research, development and commercial capabilities, Blueprint Medicines is perfectly positioned to carry forward this compound into the clinic and deliver on our goal to meaningfully advance care for NSCLC patients with EGFR exon 20 insertion mutations." With the addition of LNG-451, Blueprint Medicines will have three investigational compounds that cover the majority of all activating mutations in EGFR, the second most common oncogenic driver in NSCLC. Blueprint Medicines anticipates the acquisition will close in the fourth quarter of 2021, subject to certain conditions.
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EH | Hot Stocks07:13 EST EHang appoints PwC as new auditor - EHang Holdings announced the appointment of PricewaterhouseCoopers Zhong Tian as its independent registered public accounting firm, effective November 29, 2021, in connection with the audit of the Company's consolidated financial statements for the fiscal year ended December 31, 2021. PwC succeeds Ernst & Young Hua Ming LLP, which previously was the independent registered accounting firm providing audit services to the Company. The change of the Company's independent registered public accounting firm was made after a careful and thorough evaluation process and has been approved by EHang's Audit Committee and the Board of Directors. EY's audit reports on the Company's consolidated financial statements as of and for the years ended December 31, 2019 and 2020 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the years ended December 31, 2019 and 2020 and the subsequent interim period preceding November 29, 2021, there has been no disagreements between the Company and EY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of EY, would have caused it to make reference to the disagreements in its audit reports
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TPRFF | Hot Stocks07:13 EST Gran Colombia Gold changes name to GCM Mining Corp. - Gran Colombia Gold announced that it has changed its name to GCM Mining Corp. effective immediately and its website can be found at www.gcm-mining.com. There is no change to the Company's trading symbols for its common shares and common share purchase warrants and we expect that trading on the Toronto Stock Exchange under the Company's new name will formally commence on December 1, 2021. In the interim, trading will continue under the Company's old name. The new ISIN and CUSIP numbers for the Company's common shares are CA36168L1058 and 36168L105, respectively. For the Company's listed common share purchase warrants, the new ISIN and CUSIP numbers are CA36168L1132 and 36168L113, respectively.
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RDS.A... | Hot Stocks07:12 EST Altus Power, Shell announce collaboration on sustainability solutions - Altus Power and Shell New Energies US (RDS.A;RDS.B) announced they will collaborate to bring integrated renewable energy and storage solutions to customers to help them reduce their carbon emissions and lower their energy costs. The collaboration will leverage each firm's respective strengths. Altus Power will bring its experience in creating clean electrification ecosystems, which includes solar generation, storage and community solar, while Shell will bring its capabilities in electric mobility, stationary battery storage, load management and renewable power supply. Together both companies will explore opportunities to develop fully integrated renewable energy supply and onsite energy services for customers as well as for property portfolios managed by CBRE Group (CBRE). CBRE has a strategic partnership with Altus Power, and CBRE Acquisition Holdings (CBAH), a special-purpose acquisition company sponsored by a subsidiary of CBRE, is in the process of completing a business combination with Altus Power that will result in Altus Power being a publicly traded company.
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LHDX | Hot Stocks07:12 EST Lucira Health says at home molecular tests can detect Omicron variant - Lucira Health announced that its Lucira Check-It and All-In-One Test Kits can detect Omicron, a SARS CoV-2 Variant of Concern. Lucira Health performs ongoing surveillance of emerging SARS-CoV-2 strains by assessing reactivity against sequence databases. Lucira's evaluation of the Omicron variant demonstrated that Lucira's COVID-19 assay can detect 100% of genome sequences of this variant available in the GISAID database as of November 26, 2021. This confirmation is consistent with previously identified variants including Alpha, Beta, Delta, Gamma, and other sequences that the Company has assessed.
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SSRM | Hot Stocks07:08 EST SSR Mining announces Copper Hill exploration results, increases ownership to 70% - SSR Mining announces "positive" results from an additional 27 diamond drill holes at Copper Hill for the period from June to September 2021. Copper Hill is located in the Black Sea region of northeast Turkey, and these results follow the initial 8 drill holes reported from the prospect in 2020. Recent intercepts1 of note from Copper Hill included: EKD-09: 2.02% Cu over 30.5 meters from 44.7 meters, EKD-10: 3.03% Cu over 31.5 meters from 107.5 meters, EKD-12: 2.37% Cu over 13.0 meters from 213.6 meters, EKD-14: 1.60% Cu over 30.1 meters from 65.7 meters, EKD-16: 3.29% Cu over 37.4 meters from 92.0 meters, EKD-26: 1.02% Cu over 80.5 meters from 123.5 meters, EKD-30: 1.39% Cu over 36.0 meters from 122.0 meters, and EKD-32: 1.25% Cu over 33.4 meters from surface. SSR Mining also announces that it has reached an agreement to acquire an additional 20% ownership in Copper Hill from joint venture partner Lidya Mining. Upon completion of the Transaction, SSR Mining will own 70% of the asset and serve as operator. As consideration for the increased ownership in Copper Hill, SSR Mining will transfer 20% of its ownership stake in the Tuncpnar prospect in east-central Turkey to Lidya Mining, reducing SSR Mining's ownership to 30% while retaining a new 0.5% net smelter return royalty on the property. Lidya Mining will serve as operator at Tuncpnar. There are no royalties existing on Copper Hill. The Transaction will be completed in early 2022. Rod Antal, President and CEO said, "Copper Hill is beginning to show real potential as a new development project, particularly given the near-surface and high-grade mineralization. While still early stage, there is good potential to expand the footprint at Copper Hill as we step out exploration drilling. Our exploration and development teams will accelerate the work on Copper Hill, commencing with metallurgical test work and an expanded drilling program."
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SGTX | Hot Stocks07:08 EST Sigilon says fibrosed spheres were observed in Phase 1/2 study of SIG-001 - Sigilon Therapeutics reported that fibrosed spheres were observed during a retrieval procedure in a patient in its Phase 1/2 study of SIG-001 in severe or moderately severe hemophilia A. The SIG-001 trial had been placed on clinical hold by the FDA in July 2021 following Sigilon's submission of a serious adverse event report relating to the development of inhibitors to Factor VIII in one of three patients treated. This patient underwent a laparoscopic procedure prescribed by the investigator to retrieve implanted spheres. Upon inspection, it was determined that the spheres placed in the patient had fibrosed and that cells within the spheres were no longer viable. While the Company investigates the fibrosed spheres in this patient, all three patients enrolled in the SIG-001 trial will continue to be followed per study protocol. These findings may have an impact on the timing of initiating dosing of patients in its planned Phase 1/2 clinical trial of SIG-005 for mucopolysaccharidosis type I. The status of Sigilon's clinical hold investigation, including these findings, will be reviewed by the Safety Review Committee for SIG-001 at its next meeting in December.
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FLGC | Hot Stocks07:07 EST Flora Growth signs licensing agreement with Tonino Lamborghini - Flora Growth announced that the company has signed a licensing agreement with Tonino Lamborghini to produce and distribute Tonino Lamborghini branded cannabis beverages across North America and Colombia under their renowned luxury lifestyle brand. The Tonino Lamborghini product line will be produced through Flora's division and contain CBD and other premium cannabinoids such as cannabigerol. Under the licensing deal, Flora will retain the right of first refusal to produce and distribute any CBD or CBG products globally under the Tonino Lamborghini brand. The products will be produced in Florida initially for sale in U.S. states where CBD ingestible are legal. Flora will be responsible for production and distribution and will target both ecommerce and brick-and-mortar channels.
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IMNM | Hot Stocks07:07 EST Immunome submits IND to FDA for IMM-BCP-01 to treat SARS-CoV-2 - Immunome announced that it has submitted an Investigational New Drug, IND, application to the U.S. Food and Drug Administration, FDA, for IMM-BCP-01, a three-antibody cocktail, for the treatment of SARS-CoV-2, COVID-19. "I am thrilled that Immunome has submitted its first IND, which is another milestone towards advancing IMM-BCP-01 into the clinic. We look forward to a close collaboration with clinical investigators to study this important and novel candidate for the treatment of COVID-19, especially as the pandemic continues to be a major public health issue," said Purnanand Sarma, PhD, President & CEO of Immunome. "With the continued emergence of new variants, such as Omicron, and resurgence in SARS-CoV-2 cases despite high vaccination rates, we believe therapeutic treatment options for COVID-19 are essential. We further believe that a carefully designed cocktail, based on direct human immune response against SARS-CoV-2, could provide a novel and powerful approach to combat this virus." IMM-BCP-01 is a three-antibody cocktail targeting non-overlapping regions of the Spike protein and elicits multi-modal activity in pre-clinical testing, including both ACE2 and non-ACE2 dependent neutralization, as well as inducing natural viral clearance mechanisms, such as complement activation and phagocytosis. The cocktail significantly reduces viral load in lungs of the hamsters infected with SARS-CoV-2, and broadly neutralizes CDC current and former variants of concern, including the Delta variant, in in vitro testing. Immunome's preclinical work includes investigational product safety testing. Immunome plans to initiate a placebo-controlled dose escalation study of IMM-BCP-01 in patients infected with SARS-CoV-2, pending FDA's acceptance of Immunome's IND submission. This investigational work was funded by the U.S. Department of Defense's Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense in collaboration with the Defense Health Agency .
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GTHX | Hot Stocks07:06 EST G1 Therapeutics initiates Phase 2 trial of trilaciclib with Trodelvy - G1 Therapeutics announced that the Company has initiated a Phase 2, single arm, open-label study of trilaciclib administered prior to the antibody-drug conjugate, Trodelvy in patients with unresectable locally advanced or metastatic triple-negative breast cancer. Antitumor efficacy and myeloprotective endpoints are being assessed in this trial. Initial results of this study are expected in the second half of 2022. Patient recruitment in this trial is now underway. Approximately 40 patients will be enrolled in this exploratory Phase 2, multicenter, open-label, single arm study evaluating the safety and efficacy of trilaciclib administered prior to sacituzumab govitecan-hziy in patients with unresectable, locally advanced or metastatic TNBC who received at least 2 prior treatments, at least 1 in the metastatic setting. Trilaciclib will be administered as a 30-minute IV infusion completed within 4 hours prior to the start of sacituzumab govitecan-hziy treatment on day 1 and day 8 of each 21-day cycle. Study drug administration will continue until progressive disease per Response Evaluation Criteria in Solid Tumors v1.1 or clinical progression as determined by the Investigator, unacceptable toxicity, withdrawal of consent, Investigator decision, or the end of the study, whichever occurs first. The primary objective is to evaluate the anti-tumor efficacy of trilaciclib when administered prior to sacituzumab govitecan-hziy as measured by progression-free survival. Key secondary endpoints include evaluation of the anti-tumor efficacy as measured by the objective response rate, duration of objective response, clinical benefit rate, and overall survival; and evaluation of the myeloprotective effects of trilaciclib.
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DAN | Hot Stocks07:05 EST Dana TM4 to establish new electrodynamics facility in Sweden - Dana Incorporated announced that its Dana TM4 joint venture is establishing a new manufacturing facility in Amundefinedl, Sweden that will initially produce electric motors for the mobility industry. This $50M fully sustainable operation has received $10.7M in support from the Swedish business development community. This new operation will add to Dana's portfolio of global electrodynamic facilities and will be the company's largest of these facilities in Europe. The company is increasing its capacity to deliver electric components and systems in the region. These will support vehicles ranging from light vehicles to medium- and heavy-duty trucks to large construction equipment. "At Dana we are focused on delivering technologies that support the advancement of electrified vehicles that are also designed and manufactured with sustainability in mind. Sweden is a leader in renewable energy, with 98 percent of energy production being fossil free, which enables us to build our products using a more sustainable footprint in support of a zero-emissions future," said Antonio Valencia, president of Dana Power Technologies and Global Electrification. "Our localized electrodynamic manufacturing strategy empowers our customers in Europe to accelerate their electrification journey across multiple vehicle platforms and segments." The facility is expected to open in late 2022 and will produce a range of Dana TM4 Motive high-speed electric motors for vehicles that will begin production in the first half of 2023.
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LEE | Hot Stocks07:05 EST Lee Enterprises comments on purported director nominations from Alden - Lee Enterprises commented on the purported notice submitted by Alden seeking to nominate three candidates to stand for election to Lee's board of directors at the company's 2022 annual meeting. Lee issued the following statement in response: "Early last week, Lee promptly and properly denied a request from Alden seeking certain nomination materials because Alden failed to comply with the clear and substantive requirements of Lee's bylaws. Alden did not subsequently submit a revised request. Instead, late in the afternoon of the Company's Friday, November 26 nomination deadline, Alden submitted a purported notice of nominations. Consistent with its fiduciary duties and in consultation with its advisors, Lee's Board of Directors will carefully review Alden's purported notice for compliance with the nomination procedures and the information, documentation and other requirements that have been set forth in Lee's publicly available bylaws for over two years. After completion of its review of Alden's purported notice, Lee will provide further information to shareholders."
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EWCZ | Hot Stocks07:05 EST European Wax Center appoints Nital Scott to board of directors - European Wax Center announced the appointment of Nital Scott to its Board of Directors. With the appointment of Ms. Scott, the European Wax Center Board of Directors now has seven members. Nital Scott brings a wealth of experience including seven years at skin care and cosmetics company, Beautycounter, where she currently serves as Chief Financial Officer.
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OLPX ULTA | Hot Stocks07:04 EST Olaplex Holdings, Ulta Beauty announces expansion of distribution partnership - Olaplex Holdings announced the expansion of its distribution with Ulta Beauty. Building on OLAPLEX's success with its recent launch of professional hair products in Ulta Beauty salons, the Company's retail products will be available at each of the leading beauty retailers' more than 1,250 stores and on ulta.com beginning January 2022. The Company noted that the expansion of its retail products into Ulta Beauty was already reflected in the previously disclosed fiscal 2021 guidance provided on November 10, 2021.
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ADGI | Hot Stocks07:03 EST Adagio Therapeutics prvides information of ADG20 to address Omicron variant - Adagio Therapeutics provided information related to the potential of its lead SARS-CoV-2 antibody, ADG20, to address the Omicron SARS-CoV-2 variant, and other known variants of concern. ADG20 is an investigational monoclonal antibody product candidate designed to provide broad and potent neutralizing activity against SARS-CoV-2, including variants of concern, for the prevention and treatment of COVID-19 with potential duration of protection for up to one year in a single injection. Given the significant potential health crisis resulting from the emergence of Omicron, Adagio is undertaking a number of activities to support ADG20's utility in addressing this newly emerged variant of concern, including: Conducting in vitro studies to evaluate the expected binding and neutralizing activity of ADG20 against Omicron. Initial data from these studies is anticipated by the end of the year; and Recruiting patients in Adagio's Phase 2/3 COVID-19 treatment trial, known as STAMP, across several clinical sites in South Africa in an effort to generate clinical data for ADG20 against infections due to the Omicron variant. Based on the data being generated, Adagio plans to engage with health authorities and government agencies to accelerate development and supply of ADG20 to combat SARS-CoV-2 and its variants of concern. The neutralizing antibody response induced by SARS-CoV-2 infection and vaccination is dominated by three classes of receptor binding domain- directed antibodies , which often share common escape mutations. The newly emerged Omicron variant identified in South Africa contains mutations associated with resistance to a large proportion of these commonly elicited antibodies, which may be due to immune pressure on these antigenic sites. Data for most antibodies available under EUA or in late-stage clinical development show they target one of these three dominant antigenic regions within the RBD. In vitro studies have shown that ADG20 binds to a highly conserved epitope within the RBD that is not targeted by any of the common classes of neutralizing antibodies induced by SARS-CoV-2 infection and vaccination. Thus, unlike many other clinical-stage antibodies, which were isolated from COVID-19 patients and recognize epitopes that are also targeted by endogenous neutralizing antibodies, there is limited immune pressure on the ADG20 binding site. The ADG20 epitope has remained conserved in 99.99% of the nearly 4 million full length SARS-CoV-2 viral sequences deposited in the GISAID database as of October 15, 2021, and, as shown in in vitro studies, ADG20 retains activity against prior variants of concern including Alpha, Beta, Delta, and Gamma. For the Omicron variant, none of the mutations present in the spike protein are associated with escape from ADG20 neutralization. Based on published epitope mapping and structural studies, Adagio anticipates that ADG20 will retain neutralizing activity against the Omicron variant whereas other mAb products may lose substantial activity against this variant. Previously disclosed in vitro data demonstrated retained neutralizing activity of ADG20 against a diverse panel of circulating SARS-CoV-2 variants, including the recently emerged Lambda, Mu and Delta plus variants. Notably, findings from these in vitro studies showed that ADG20 demonstrated potent neutralizing activity against all SARS-CoV-2 variants of concern tested, including those with reduced susceptibility to mAb products currently available under EUA or in late-stage development.
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SAWLF | Hot Stocks07:02 EST Shawcor receives LOI from third party to purchase Rexdale property - Shawcor announced its plan to expand and modernize its manufacturing capabilities in the Greater Toronto Area. Shawcor has received a Letter of Intent from a third party to purchase its Rexdale property in Toronto, ON and is in the process of negotiating a definitive purchase and leaseback agreement that is expected to generate net proceeds in excess of C$45 million. Pursuant to the LOI, the Company would be required to enter into a three-year leaseback arrangement for the Rexdale property to facilitate operational continuity while ultimately moving to a modernized location. Proceeds from the property sale will be used to reduce existing indebtedness. The sale and leaseback of the Rexdale facility remains subject to normal conditions for a transaction of this type and is expected to close during the first half of 2022. The Company also announced the sale of its Guardian Mexico entity and the closure of its CSI Services entity in Western Canada, which in combination accounted for roughly C$8.6 million of revenue and C$0.4 million of EBITDA in the last twelve months, as at September 30, 2021. These actions serve to narrow Shawcor's focus to those businesses that are best positioned to benefit from favourable long-term macro trends.
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BMY | Hot Stocks07:01 EST FDA accepts Bristol-Myers' NDA for deucravacitinib in severe plaque psoriasis - The company states: "Bristol Myers announced that the FDA has accepted the New Drug Application and the European Medicines Agency has validated the Marketing Authorization Application for deucravacitinib for the treatment of adults with moderate to severe plaque psoriasis. The FDA has assigned a Prescription Drug User Fee Act, or PDUFA, goal date of September 10, 2022. These latest regulatory milestones are in addition to the NDA acceptance by Japan's Ministry of Health, Labour and Welfare for deucravacitinib for the treatment of adults with moderate to severe plaque psoriasis, pustular psoriasis and erythrodermic psoriasis. The regulatory applications are based on positive results from the pivotal POETYK PSO-1 and POETYK PSO-2 trials, which evaluated once daily deucravacitinib in patients with moderate to severe plaque psoriasis versus placebo and Otezla. Deucravacitinib demonstrated significant and clinically meaningful improvements in skin clearance, symptom burden and quality of life measures compared to placebo and Otezla. Deucravacitinib was well-tolerated with a low rate of discontinuation due to adverse events, with no clinically meaningful lab abnormalities. Primary results were presented at the American Academy of Dermatology Virtual Meeting Experience in April 2021, and additional analyses were presented at the European Academy of Dermatology and Venereology 30th Anniversary Congress in September 2021."
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NRXP | Hot Stocks07:00 EST NRx Pharmaceuticals completes analysis of ZYESAMI treatment in COVID-19 - NRx Pharmaceuticals announced that it has completed an analysis to identify clinical evidence that indicates a substantial improvement after treatment with ZYESAMI in patients with Critical COVID-19 and Respiratory Failure over existing therapies such as remdesivir. NRx asked Prof. David Schoenfeld, one of the world's most widely published statisticians with unique expertise in life-threatening diseases of the lung to conduct the analysis. Dr. Schoenfeld analyzed the subgroup of patients in the COVID-AIV trial that remained in respiratory failure despite treatment with remdesivir. The analysis identified a statistically-significant 2.5 fold increased odds of being alive and free of respiratory failure at 60 days and a statistically significant four-fold higher odds of being alive at day 60 among patients treated with aviptadil compared to those treated with placebo. Baseline treatment with remdesivir was prespecified as a covariate in the protocol agreed to with the US Food and Drug Administration prior to initiation of the trial and remdesivir did not show any independent survival or recovery advantage in the subgroup. Analysis of the remdesivir-treated subgroup was a post-hoc analysis performed in response to the FDA's request for additional clinical evidence that aviptadil may demonstrate a substantial improvement over existing therapies. The reanalysis of the clinical trial data additionally confirmed a statistically-significant two-fold survival advantage seen across all patients treated with aviptadil compared to those treated with placebo and demonstrated an increased odds of reaching the primary endpoint in the study, being both alive and free of respiratory failure at 60 days that approached statistical significance. The FDA recently declined Emergency Use Authorization and Breakthrough Therapy Designation for ZYESAMI and invited a new request based on new clinical evidence that aviptadil may demonstrate a significant improvement in treatment over existing therapies. Based on FDA's input, NRx has narrowed its requested BTD indication to "Treatment of COVID-19 Respiratory Failure in patients who progress despite treatment with remdesivir and other approved therapies."
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TRU | Hot Stocks06:58 EST TransUnion pledges to reach net-zero scope 1, 2 greenhouse gas emissions by 2025 - TransUnion announced its new climate pledge to reach net-zero on Scope 1 and Scope 2 greenhouse gas emissions by 2025, and 30% reductions on leased real estate Scope 3 emissions by 2030. As climate change continues to threaten global well-being and environmental stability, TransUnion is pledging to be part of the solution by reducing greenhouse gas emissions. TransUnion's environmental commitment consists of two objectives. First, the Company plans to eliminate Scope 1 and Scope 2 emissions by 2025 chiefly by signing power purchase agreements creating renewable energy for the properties it owns. Second, TransUnion intends to reduce real estate Scope 3 emissions by 30% through the procurement of renewable energy for leased buildings and executing on the Company's planned environmentally sound cloud migration. Beginning in 2022, TransUnion intends to offset its full climate change emissions, through credible carbon offsets. As TransUnion increases renewable energy purchased for owned and leased properties, it will reduce offsets proportionally.
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SWTX | Hot Stocks06:57 EST SpringsWorks Therapeutics announces full enrollment of Phase 2b ReNeu trial - SpringWorks Therapeutics announced that it has achieved full enrollment in its Phase 2b ReNeu trial evaluating mirdametinib, an investigational MEK inhibitor, in adult and pediatric patients with NF1-associated plexiform neurofibromas. The study enrolled over 50 adults and over 50 pediatric patients with NF1-PN. SpringWorks expects to provide an update on anticipated ReNeu trial timelines and milestones at an upcoming company-sponsored R&D Day. The ReNeu trial is a multi-center, open-label Phase 2b trial evaluating the efficacy, safety, and tolerability of mirdametinib in patients two years of age and older with an inoperable NF1-associated PN causing significant morbidity. Patients receive mirdametinib at a dose of 2 mg/m2 twice daily without regard to food. Mirdametinib is administered in a 3-week on, 1-week off dosing schedule. The primary endpoint of the ReNeu trial is objective response rate defined as greater than or equal to 20% reduction in target tumor volume as measured by MRI and assessed by blinded independent central review. Secondary endpoints include safety and tolerability measures, duration of response, and changes from baseline in patient reported outcomes.As previously disclosed, interim data from the first 20 adult patients enrolled in the ReNeu trial were presented at the 2021 Children's Tumor Foundation NF Conference and showed encouraging efficacy and tolerability. As of the March 23, 2021 data cutoff date, 50% of patients had achieved an objective response as assessed by blinded independent central review, 80% remained on study, and median time on treatment was 13 cycles. Among these patients, mirdametinib was generally well tolerated, with the majority of treatment-related adverse events being Grade 1 or 2; only one Grade 3 TRAE and no Grade 4 or 5 adverse events were reported in these 20 patients.
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ASXC | Hot Stocks06:56 EST Asensus Surgical announces Senhance Robotic System order from RZD - Asensus Surgical announced Private Healthcare Institution Railway Clinical Hospital RZD Medicine of Rostov-on-Don, located in Rostov, Russia, has initiated its Senhance Robotic Surgery program following the purchase of a Senhance Surgical System.
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DS | Hot Stocks06:55 EST Drive Shack to bring Puttery to Philadelphia's Fishtown neighborhood - Drive Shack announced it will bring Puttery, its newest competitive socializing and entertainment golf experience, to the bustling area between Old Kensington and Fishtown in Philadelphia. Located just a short El ride from Center City, Puttery Philadelphia will be part of a mixed-use retail redevelopment project in Fishtown, one of the area's most historic neighborhoods. The 20,000-square-foot venue will feature three uniquely themed, nine-hole putting courses, multiple bars, and a chef-driven menu and incredible cocktail program, adding to Fishtown's already booming nightlife and culinary scenes.
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BDX | Hot Stocks06:54 EST Becton Dickinson appoints Joseph Smith as chief scientific officer - Becton Dickinson announced that Joseph Smith has been named senior vice president and chief scientific officer for the company, effective immediately. In this role, Smith will be primarily responsible for external innovation and BD's technology roadmap. Smith will also establish and co-chair the BD Scientific Advisory Board. Smith joins BD from Digital Health Corp, a holding company where he served as president and CEO, responsible for the company's strategy to invest in or acquire digital health and therapeutic technologies.
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KRTX | Hot Stocks06:54 EST Karuna Therapeutics appoints Charmaine Lykins as CCO - Karuna Therapeutics announced the appointment of Charmaine Lykins as chief commercial officer, effective November 29, 2021. Ms. Lykins most recently served as the Senior Vice President, Global Product Planning and Chief Marketing Officer for ACADIA, where she oversaw their healthcare professional and consumer marketing, marketing operations and new product planning functions.
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MRK ESALY | Hot Stocks06:53 EST European Commission approves KEYTRUDA plus LENVIMA for endometrial carcinoma - Merck and Eisai announced that the European Commission has approved the combination of KEYTRUDA, Merck's anti-PD-1 therapy, plus LENVIMA, the orally available multiple receptor tyrosine kinase inhibitor discovered by Eisai, for the treatment of advanced or recurrent endometrial carcinoma in adults who have disease progression on or following prior treatment with a platinum-containing therapy in any setting and who are not candidates for curative surgery or radiation. This marks the first combination of an immunotherapy with a tyrosine kinase inhibitor approved in Europe for these patients with advanced or recurrent endometrial carcinoma. The approval is based on results from the pivotal Phase 3 KEYNOTE-775/Study 309 trial, in which KEYTRUDA plus LENVIMA demonstrated statistically significant improvements in overall survival, reducing the risk of death by 38%, and progression-free surviva, reducing the risk of disease progression or death by 44%, versus chemotherapy. The median OS was 18.3 months for KEYTRUDA plus LENVIMA versus 11.4 months for chemotherapy. The median PFS was 7.2 months for KEYTRUDA plus LENVIMA versus 3.8 months for chemotherapy. The objective response rate was 32% for patients treated with KEYTRUDA plus LENVIMA versus 15% for patients treated with chemotherapy. Patients treated with KEYTRUDA plus LENVIMA achieved a complete response rate of 7% and partial response rate of 25% versus a CR rate of 3% and a PR rate of 12% for patients treated with chemotherapy. The safety of KEYTRUDA in combination with LENVIMA was evaluated in 530 patients with advanced endometrial carcinoma. The most common adverse reactions were hypertension, diarrhea, hypothyroidism, nausea, decreased appetite, vomiting, fatigue, decreased weight, arthralgia, proteinuria, constipation, headache and urinary tract infection, dysphonia, abdominal pain, asthenia, palmar-plantar erythrodysesthesia syndrome and stomatitis, anemia and hypomagnesaemia. This approval allows marketing of KEYTRUDA plus LENVIMA in all 27 EU member states plus Iceland, Liechtenstein, Norway and Northern Ireland. KEYTRUDA plus LENVIMA is now approved by the European Commission for two different types of cancer: for advanced or recurrent endometrial carcinoma in adults who have disease progression on or following prior treatment with a platinum-containing therapy in any setting and who are not candidates for curative surgery or radiation and for the first-line treatment of adult patients with advanced renal cell carcinoma.
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MRK ESALY | Hot Stocks06:51 EST European Commission approves KEYTRUDA plus LENVIMA for advanced RCC - Merck and Eisai announced that the European Commission has approved the combination of KEYTRUDA, Merck's anti-PD-1 therapy, plus LENVIMA, the orally available multiple receptor tyrosine kinase inhibitor discovered by Eisai, for the first-line treatment of adult patients with advanced RCC. The approval for advanced RCC is based on results from the pivotal Phase 3 CLEAR /KEYNOTE-581 trial, in which KEYTRUDA plus LENVIMA demonstrated statistically significant improvements versus sunitinib in the efficacy outcome measures of progression-free survival, reducing the risk of disease progression or death by 61% with a median PFS of 23.9 months versus 9.2 months for sunitinib, and overall survival, reducing the risk of death by 34% versus sunitinib. Median OS was not reached at the time of analysis in either study arm. The objective response rate was 71% for patients treated with KEYTRUDA plus LENVIMA versus 36% for patients treated with sunitinib. Patients treated with KEYTRUDA plus LENVIMA achieved a complete response rate of 16% and partial response rate of 55% versus a CR rate of 4% and a PR rate of 32% for patients treated with sunitinib. The safety of KEYTRUDA in combination LENVIMA was evaluated in 497 patients with advanced RCC. The most frequently reported adverse reactions were diarrhea, hypertension, fatigue, hypothyroidism, decreased appetite, nausea, stomatitis, proteinuria, dysphonia and arthralgia. This approval allows marketing of KEYTRUDA plus LENVIMA in all 27 EU member states plus Iceland, Liechtenstein, Norway and Northern Ireland. KEYTRUDA plus LENVIMA is now approved by the European Commission for two different types of cancer: for the first-line treatment of adult patients with advanced renal cell carcinoma and for advanced or recurrent endometrial carcinoma in adults who have disease progression on or following prior treatment with a platinum-containing therapy in any setting and who are not candidates for curative surgery or radiation.
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DPW | Hot Stocks06:48 EST Ault Global Holdings' TurnOnGreen to install commercial EV chargers at resort - Ault Global Holdings announced that its green energy technology and power supply subsidiary, TurnOnGreen, has partnered with The Alisal Guest Ranch and Resort. in Solvang, Calif., to expand the property's electric vehicle charging capabilities for resort guests and visitors. TurnOnGreen will initiate a multi-phase electric vehicle charger installation plan in December of 2021, starting with the installation of EVP700G level 2 electric vehicle charging stations in the guest parking lot.
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BERY | Hot Stocks06:47 EST Ancora urges Berry Global to commit to review of strategic alternatives - Ancora Holdings Group announced that it has sent a letter to Berry Global Group, Inc.'s Board of Directors. The company said, "Ancora Holdings Group is a shareholder of Berry Global Group, with ownership of approximately one percent of the Company's outstanding shares. We believe Berry has a high-quality portfolio of packaging products and a unique value proposition to offer the global manufacturing sector. We also believe Berry has a capable management team that deserves credit for driving meaningful sales growth and earnings improvements in recent years. However, despite these tailwinds, Berry has been a chronic underperformer that perpetually trades at a significant discount to the broader market, relevant indices and packaging peers. In our view, it is time for the Board of Directors to take real action to address the impediments to value creation that have compounded at Berry. We deem Wednesday afternoon's announcement of $50 million in planned share repurchases to be an insult to investors. Not only is the size of the accelerated share repurchase transaction wholly insufficient, but the Board did not even increase its existing authorization. As total shareholder returns have lagged in recent years, the Board has repeatedly failed to establish an accretive capital allocation policy and seize opportunities to monetize non-core real estate assets. It is now necessary to initiate a comprehensive review of strategic alternatives, including a full sale or go-private transaction. We have spent significant energy and time analyzing Berry's operational and financial performance since Tom Salmon became Chief Executive Officer in February 2017. Mr. Salmon has presided over a 113.4% increase in annual revenues, an 83.8% increase in annual EBITDA and, most importantly, a 134.3% increase in diluted earnings per share. Regrettably, these results have been accompanied by a paltry 29.7% share price uptick during his nearly five-year tenure.1 Additionally, we remain concerned by Berry's acquisition track record and leverage philosophy. Shareholders have historically suffered as the Company, which was previously saddled with immense debt, pursued deals with excessively high leverage ratios, causing its shares to trade at an acute discount. But even now that the Company's leverage ratio is within its target range, its shares still continue to underperform the market. This suggests to us that Berry's persistent valuation discount is linked to the risk of the Board continuing to allocate capital to acquisitions, rather than simply being the result of the Company's leverage ratio. A credible capital allocation policy that prioritizes returning cash to shareholders could be one remedy for Berry's punishing valuation gap.We believe Ancora is not the only shareholder that feels the Board should commit to reviewing its existing strategy relative to alternatives. In recent months, we have had conversations with a number of fellow shareholders who expressed their own concerns about Berry's share price stagnation and valuation discount. Certain shareholders, including us, now believe they may be best served by seeing the Company sold to one of the many well-capitalized financial sponsors and strategic buyers in the marketplace. A review of relevant and comparable acquisitions indicates shareholders could receive $100 per share or more in value via a sale. It is unclear whether the current Board has a viable plan for unlocking that type of value on a standalone basis any time soon..As noted, we believe the Board needs to promptly commence a review of strategic alternatives. The review should be communicated publicly so that shareholders can see that the Board is taking its fiduciary duties seriously. We believe that a strong Board that is in tune with its shareholders would actively address the concerns of engaged shareholders. Playing hide-the-ball with information on the direction of the Company after a prolonged period of stagnation runs counter to what we believe are sound governance practices maintained by a well-functioning Board. First and foremost, we believe the Board should consider repurchasing additional shares with Berry's ample free cash flow and capital on hand. In light of the Company's strong profitability, it is particularly well-positioned to buy back stock at current levels. Not only would a large and ongoing repurchase program be accretive for Berry, but it would also send a strong message to investors that leadership has confidence in the business going forward. We suggest that the Board immediately announces an expansion of its repurchase authorization to $1 billion. Another logical step is a sale-leaseback transaction. If Berry is concerned about balance sheet flexibility and having sufficient cash to fund strategic growth, then it should consider funding share repurchases through a sale-leaseback transaction that will generate significant cash. We estimate Berry has up to $2 billion in real estate value currently tied up on its balance sheet, and that a transaction with the right buyer could provide the Company with nearly 20% of its market capitalization in cash. Seizing this opportunity would allow the Board to quickly upsize its $400 million "opportunistic" repurchase authorization to $1 billion or more in size, while still retaining capital for prudent investments. Lastly, we believe the Board owes it to long-suffering shareholders to evaluate a sale of the Company or a go-private transaction. Ancora, in particular, views this step as an absolute necessity given the public market's unwillingness to properly value Berry. Rather than taking action to aggressively combat the low valuation multiple, the Board has spent years allowing management to run the Company like a private business with an ultra-long-term investment horizon, translating to a lack of return of capital to shareholders. In light of the aforementioned factors, the Board should hire a qualified investment bank to run a market test. Our own analysis of comparable transactions indicates Berry could fetch a valuation of $100 per share or more via a sale."
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SRG | Hot Stocks06:44 EST Seritage Growth announces amendment to senior secured term loan agreement - Seritage Growth Properties announced an amendment to Seritage Growth Properties L.P.'s and the Company's Senior Secured Term Loan Agreement with Berkshire Hathaway Life Insurance Company of Nebraska for the $1.6B term loan facility previously announced on July 31, 2018. Under the terms of the amendment, the companies mutually agreed that the "make whole" provision of the Agreement shall not be applicable to prepayments of the term loan facility's principal. Additionally, the companies agreed that, at Seritage's election, the Agreement may be extended for two years from the July 31, 2023 maturity date to July 31, 2025 provided that the term loan facility's principal has been reduced to $800 million by the Maturity Date. In all other respects, the Agreement remains unchanged.
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SAGE | Hot Stocks06:43 EST Sage Therapeutics to host Sage FutureCast webcast - Sage Therapeutics announced that it will host Sage FutureCast: An R&D and Portfolio Review on Tuesday, December 14 from 8:00 a.m. to 10:00 a.m. ET. Sage FutureCast will discuss the Company's research and development strategy, and clinical progress in programs throughout the depression, neurology, and neuropsychiatry franchises including zuranolone, SAGE-324 and SAGE-718, respectively.
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CHD | Hot Stocks06:40 EST Church & Dwight acquires TheraBreath brand for $580M - Church & Dwight has signed a definitive agreement to acquire the TheraBreath brand for $580M in cash. The transaction, which is subject to regulatory approval and other customary conditions, is expected to close in the fourth quarter. TheraBreath's net sales for the trailing twelve months through September 30, 2021 were approximately $86M. TheraBreath is the #2 brand in the alcohol-free mouthwash category in the United States. International represents less than 10% of net sales. TheraBreath's trailing twelve months EBITDA as of September 2021 was approximately $27M, with a 31% EBITDA margin. Once the business is fully integrated, Church & Dwight expects to leverage its distribution network, manufacturing footprint, and operating expertise to achieve an estimated $6M in run rate operating synergies by 2023. The Company expects to expand TheraBreath's distribution through its international footprint. In 2022, TheraBreath's annual net sales are projected to grow approximately 15% to $100 million and adjusted EBITDA is expected to be $36M, including $4M of synergies. The adjusted 2022 EBITDA estimate excludes approximately $7M in one-time transition and transaction related expenses. The acquisition contains the benefit of a cash tax shield valued at $85M Net of the tax shield, the deal is a $495M acquisition or a 13.7x multiple paid. The acquisition is expected to be dilutive to the Company's 2021 EPS by 3c, inclusive of transition costs, acquisition-related expenses, interest expense, and intangible amortization expense. The Company expects to finance the acquisition with debt.
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EXAS | Hot Stocks06:40 EST Cathie Wood's ARK Investment bought 317.3K shares of Exact Sciences on Friday
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WD | Hot Stocks06:39 EST Walker & Dunlop structures $15M in financing for neighborhoods in Texas - Walker & Dunlop announced that it structured $15M in financing for the Hamilton Park, Tully Trail, and Memory Village, a collection of build-for-rent neighborhoods located in Tyler, Texas.
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MANU | Hot Stocks06:38 EST Manchester United appoints Ralf Rangnick as interim manager - Manchester United is delighted to announce the appointment of Ralf Rangnick as Interim Manager until the end of the season, subject to work visa requirements. Following this period, Ralf and the club have agreed that he will continue in a consultancy role for a further two years. Michael Carrick will remain in charge of the First Team until Ralf's work visa is finalised.
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RRD | Hot Stocks06:37 EST R.R. Donnelley announces expiration of 'Go-Shop' period - R.R. Donnelley & Sons Company announced the expiration of the "go-shop" period set forth in the previously announced definitive merger agreement with affiliates of Atlas Holding**, dated as of November 3, 2021, the receipt of an "Alternative Acquisition Proposal" as defined in the Atlas Merger Agreement and further developments with respect to a previously announced proposal from Chatham Asset Management. Under the terms of the Atlas Merger Agreement, affiliates of Atlas have agreed to acquire the Company for $8.52 per share in cash. As previously announced, RRD received an unsolicited proposal from Chatham on November 16, 2021 to acquire all of the outstanding shares of RRD not already owned by Chatham for $9.10 per share in cash, and thereafter the Company has been engaged in negotiations with Chatham regarding the terms and conditions of the Chatham Proposal. In addition, on November 27, 2021 and as part of its "go-shop" process, RRD received an Alternative Acquisition Proposal from a strategic party for $10.00 per share in cash, subject to other terms and conditions. On November 28, 2021, the Board of Directors of the Company determined, in good faith after consultation with its outside financial advisor and legal counsel, that each of the Chatham Proposal and Go-Shop Proposal would reasonably be expected to lead to a "Superior Proposal", thereby making each of Chatham and such strategic party an "Excluded Party" under the terms of the Atlas Merger Agreement. At this time, the Board has not determined that the Chatham Proposal or the Go-Shop Proposal constitutes a Superior Proposal, and there can be no assurances that a transaction will result from either proposal or that any alternative transaction will be entered into or consummated. Under the Atlas Merger Agreement, the Company is required to pay a $20 million termination fee and expense reimbursement to Atlas if the Company terminates the Atlas Merger Agreement in order to enter into a definitive merger agreement with respect to either the Chatham Proposal or Go-Shop Proposal by 11:59 p.m. on December 9, 2021. In the case of the Chatham Proposal, Chatham has agreed to pay the termination fee and expense reimbursement to Atlas on the Company's behalf in such event. The Company would be required to repay Chatham for such termination fee and expense reimbursement under certain circumstances in connection with a potential termination of the proposed definitive merger agreement with Chatham. At this time, the Company remains subject to the Atlas Merger Agreement and is complying with the terms and conditions of the Atlas Merger Agreement, which remain in effect unless and until the Atlas Merger Agreement is terminated. Accordingly, subject to and as required by the Atlas Merger Agreement, the Board has not made a "Change of Recommendation", reaffirms its recommendation of the Atlas Merger Agreement and rejects all "Alternative Acquisition Agreements". The Company does not intend to disclose developments with respect to this process unless and until it determines it is appropriate to do so, subject to the terms of the Atlas Merger Agreement.
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NPO | Hot Stocks06:35 EST EnPro appoints Eric Vaillancourt as president, CEO - EnPro Industries announced that its Board of Directors has appointed Eric Vaillancourt as President and CEO and as a member of the Company's Board effective immediately. Mr. Vaillancourt has served as Interim President and CEO since August 2021 and previously served as President of Enpro's Sealing Technologies segment. Mr. Vaillancourt joined Enpro in 2009 as Vice President, Sales & Marketing at Garlock, where he served until 2012, when he was elevated to President, Garlock.
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KRKNF | Hot Stocks06:26 EST Kraken Robotics sees 'solid growth' in 2022 - The company said, "While we are not currently providing guidance for 2022, we do expect solid growth driven by a number of factors. On the Products side, these include continued shipments of KATFISH 180 towed sonars and Autonomous Launch and Recovery Systems for the Danish navy, and current and expected orders for AquaPix MINSAS sensors and SeaPower batteries. On the Services side, we will have a full year of PanGeo results and expect to see meaningful growth versus 2022 driven by strong industry trends in the offshore renewable energy space. Combined with expected RaaS revenue from our KATFISH towed sonar and SeaVision lasers, we expect overall Services revenue at Kraken to show solid growth in 2022. While continued Covid and global supply chain concerns cannot be ruled out, we are well positioned for program awards that have been delayed in 2020-2021 to be awarded in 2022, thus forming the basis for continued strong growth for Kraken in 2023 and beyond. These include a variety of multi-year programs in North America, Europe, and Asia Pacific. In addition, we are bidding as a prime on another major minehunting contract pursuit for a leading NATO navy."
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BC | Hot Stocks06:21 EST Land 'N' Sea reports sales at annual trade shows - In 2020, Land 'N' Sea introduced its "Buy with Confidence" virtual program during the height of the COVID-19 pandemic, hosting its shows including the annual Kellogg/Land 'N' Sea show virtually and reporting a 40 percent increase in sales compared with their in-person shows in 2019. This year, Land 'N' Sea returned to an in-person event at the Mohegan Sun Expo Center in Connecticut while retaining a digital experience for their other shows, and just reported an additional 30% increase in sales over last year's record show season. Additionally, in-person attendance increased almost 20% compared with the last physical show in Connecticut in '19. LNS also hosted two additional shows virtually this year, both with extremely successful sales. The company said, "The success of both the 2020 and 2021 events indicates excitement and a strong appreciation among attendees for hybrid show formats as a potential long-term solution for the Land 'N' Sea distribution shows."
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FENC | Hot Stocks06:20 EST Fennec expects to receive CRL on PEDMARK NDA after PDUFA target action date - Fennec Pharmaceuticals announced that it expects to receive a Complete Response Letter after the PDUFA target action date of November 27, 2021 from the U.S. Food and Drug Administration regarding its New Drug Application for PEDMARK, for intravenous administration for the prevention of ototoxicity associated with cisplatin chemotherapy in pediatric patients greater than or equal to1 month to 18 years of age with localized, non-metastatic, solid tumors. The FDA has indicated that, following a recent completion of a pre-approval inspection of the manufacturing facility of our drug product manufacturer, deficiencies have been identified. Once the official CRL is received, the Company plans to request a Type A meeting to discuss the deficiencies and steps required for the resubmission of the NDA for PEDMARK.
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GTN | Hot Stocks06:18 EST Origin Sports Network expands distribution partners - Origin Sports Network has expanded its lineup of distribution partners to include The Roku Channel and Samsung TV Plus, more than quadrupling its addressable audience size. A 24/7 linear streaming network, Origin Sports brings viewers unique content featuring Hall of Famers, All-Americans, All-Stars, No. 1 picks and National Champions before they became household names. Leveraging Raycom's more than four decades of award-winning production expertise, Origin Sports launched in July with distribution on The Roku Channel in Canada and on XUMO in the United States, along with YouTube, Facebook, Twitter and Instagram. Pairing nostalgic throwback content with original programming, Origin Sports is the destination for instant-classic comebacks, unforgettable performances, compelling stories and epic endings. Featuring legendary athletes like Michael Jordan, Bo Jackson, Shaquille O'Neal and Joe Montana - to current superstars like Patrick Mahomes, Josh Allen, Devin Booker and Zion Williamson - there's something for sports fans of all ages and eras! Leveraging both the Raycom Sports and Gray TV archives, Origin Sports delivers seldom seen footage to today's fans on their favorite platforms.
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HITIF | Hot Stocks06:15 EST High Tide closes acquisition of NuLeaf Naturals - High Tide announced, that further to its press release dated November 22, 2021, the Company has completed its acquisition of an 80% interest in NuLeaf Naturals for $31,240,000, and will have a three-year option to acquire the remaining 20% of NuLeaf at any time. Founded in 2014 with its headquarters in Denver, Colorado, NuLeaf is a market leader focused on the production and distribution of premium cannabinoid wellness products. It has received over 25,000 verified 5 star customer reviews through its e-commerce platform. NuLeaf can produce 60,000 plant-based softgels per hour and is one of only a few manufacturers in the United States that can produce a vegan softgel. With a heightened consumer interest in health focused and sustainable products, plant-based offerings are primed for growth. NuLeaf has a strong distribution reach in the natural products channel and recently secured an expansion with Sprouts Farmers Market from 33 retail locations to an additional 235 stores. It has quickly grown to become one of the most popular brands for premium cannabinoid wellness products across the U.S., with their product portfolio including Multicannabinoid tinctures, softgels, and topicals. Over the 12 months ended September 30, 2021, NuLeaf had over 5.1 million site visits and an average order value of $120. Since its inception, NuLeaf has served approximately 330,000 unique customers through its e-commerce platform, and hundreds of thousands more through their other distribution channels. Upon closing, NuLeaf will have approximately US$500,000 of inventory and approximately US$500,000 of cash. This is High Tide's sixth acquisition in the global e-commerce space, and third in the CBD space, in 2021. These transactions have collectively contributed to increasing the Company's annual run-rate international revenue from approximately $10.6 million at the end of October 31, 2020, to just approximately $80 million annual run-rate at the end of November 30, 2021. The Acquisition was completed pursuant to the terms of a definitive agreement, a copy of which is available on the Company's SEDAR profile. High Tide acquired 80% of NuLeaf for 4,429,809 common shares of High Tide valued at US$31,243,000, on the basis of a deemed price of US$7.0529 per High Tide Share, being equal to the volume weighted average price per High Tide Share on the Nasdaq for the ten consecutive trading days preceding the closing of the Acquisition. The High Tide Shares issued pursuant to the Consideration are subject to a hold period of four months and one day. In addition to the foregoing, NuLeaf's owners have agreed to grant High Tide an option to acquire all the remaining interest in NuLeaf not held by High Tide, and become the sole owner of NuLeaf, at an enterprise value equal to the trailing twelve months of Adjusted EBITDA at that time multiplied by 7.1. The Call Option will be exercisable at any time for a period of three years following the Acquisition. In addition, High Tide has agreed to grant NuLeaf's owners an option to put to High Tide the remaining interest in NuLeaf not held by High Tide, at the same enterprise value of the Call Option. The Put Option will be exercisable by NuLeaf's owners for a period of eighteen months following the eighteen month anniversary of the Closing of the Acquisition. The consideration under the Call Option or Put Option, if exercised, will be satisfied in cash. In connection with the closing of the Transaction, High Tide granted 60,000 stock options to employees and consultants of NuLeaf, exercisable at CAD$8.02 per High Tide Share for a period of 3 years. High Tide also announced that its Canna Cabana retail cannabis store located at 3928 Edmonton Trail NE in Calgary, Alberta, has begun selling recreational cannabis products for adult use. This opening represents High Tide's 105th branded retail location across Canada, and 59th in Alberta, selling recreational cannabis products and consumption accessories. The new Canna Cabana store is located within the community of Highland Park, providing convenient access for residents of numerous nearby communities in north-central Calgary, as well as for employees who work in adjacent employment centres which include several industrial sites. The location is also easily-accessible from Deerfoot Trail, which is Calgary's most heavily-used freeway.
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NEGG | Hot Stocks06:12 EST Newegg announces opening of limited trading window for restricted shares - Currently, approximately 365 million of the Company's outstanding common shares remain subject to various transfer restrictions contained in Newegg's Amended and Restated Shareholders Agreement dated October 23, 2020 or its 2005 Incentive Award Plan. In addition, all of the shares issuable under the 2005 Incentive Award Plan and the 2021 Equity Incentive Plan are also subject to various transfer restrictions set forth in those plans. Over the next three weeks, beginning Tuesday, November 30, 2021 and ending Friday, December 17, 2021, inclusive of those dates, the Company will allow a strictly controlled, temporary waiver of these transfer restrictions to enable limited trading of common shares by its employees, former employees, officers, directors, and stockholders who received restricted common shares of the Company as part of the merger between Newegg Inc. and Lianluo Smart Limited. Each such employee, former employee, officer, director, or stockholder, together with their respective affiliates, is referred to below as a "Restricted Holders." As of November 26, 2021, there were approximately 96 Restricted Holders, who will be limited to selling an aggregate of 1,575,463 shares during the Trading Window. The two largest Restricted Holders, Hangzhou Liaison Interactive Information Technology Co., Ltd., and Mr. Fred Faching Chang, will be limited to selling 408,750 and 245,250 shares, respectively, with daily sales limits of not more than the lesser of 5% of daily volume or 27,250 for Hangzhou Liaison Interactive Information Technology Co., Ltd., and the lesser of 3% of daily volume or 16,350 for Mr. Fred Faching Chang during the Trading Window. All other Restricted Holders will be limited to selling 921,463 shares in total, with daily sales limits from zero to 5,500 common shares per Restricted Holder per trading day, during the Trading Window. Newegg may decide to further limit, but not expand, the volume limitations imposed on such Restricted Holders in its sole discretion during the Trading Window based on prevailing market conditions and other factors. No sales would be allowed by the Restricted Holders when the NASDAQ stock market is closed. Based on recent historical trading volumes, the Company expects that aggregate sales by the Restricted Holders could comprise a material portion of the trading volume during the Trading Window; however, the actual number of common shares offered for sale by Restricted Holders is subject to their own discretion, within the limits described above, and could vary from the Company's expectations. The Trading Window provides Restricted Holders with the opportunity to obtain some liquidity for their common shares and vested stock options, while also gradually increasing the size of the public float for Newegg common shares. After the Trading Window closes on December 17, all trading restrictions contained in the 2005 Incentive Award Plan, 2021 Equity Incentive Plan, and the Shareholders Agreement will be in full effect in accordance with their original terms and restrictions. However, the Company intends to allow Restricted Holders to adopt customary trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, subject to similar volume limitations described above. These plans will likely result in continued sales of the Company's common shares into the public market after December 17, 2021.
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NEGG | Hot Stocks06:11 EST Newegg Commerce announces CEO employment agreement - Newegg's compensation committee and board also approved a new employment agreement for its Chief Executive Officer, Anthony Chow. Under the terms of the agreement, Mr. Chow has a base salary of $1.1 million per year, and a target bonus of 160% to 200% of his base salary. The new employment agreement has a four-year term, and has guaranteed base salary compensation to Mr. Chow during the term, even if he is terminated during the term for any reason other than for cause. If Mr. Chow is terminated other than for cause, he also gets severance of one year's base salary plus an annual bonus equal to the average of the prior three years' annual bonuses at the time of termination. These severance amounts are in addition to the guaranteed base salary for Mr. Chow for the remainder of the term of his employment agreement. In addition, any unvested equity incentive awards that are outstanding and due to be vested within one year of his termination are subject to accelerated vesting, if he is terminated other than for cause. If that termination occurs in the context of a change in control of Newegg, then Mr. Chow is entitled to two years' base salary plus an annual bonus equal to the average of the prior three years' annual bonuses, at the time of termination. In addition, all unvested equity incentive awards that are outstanding and unvested at the time of his termination, are subject to accelerated vesting, if he is terminated other than for cause in the context of a change in control of Newegg.
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NEGG | Hot Stocks06:10 EST Newegg Commerce announces grant of restricted stock units - Newegg approved the grant of 7.4 million restricted stock unit awards to its executive officers and key employees. These grants vest over four years, with 25% vesting on the one-year anniversary of grant, and the remainder vesting monthly over the following three years, such that they will be fully vested after four years. The grants total approximately 2% of the current outstanding share count for Newegg. One half of the grants, or 3,687,450 RSUs, were granted to the company's Chief Executive Officer, Anthony Chow. The remaining executives received grants as follows: 280,000 RSUs awarded to Newegg's Chief Operating Officer, Jamie Spannos, 150,000 RSUs to Chief Financial Officer, Robert Chang, 150,000 RSUs to Chief Technology Officer, Montaque Hou, and 100,000 RSUs to Chief Legal Officer, Brian Waters. The remaining 3,007,450 RSUs were granted or reserved for 252 other key employees or expected new hires. All grants were made pursuant to a newly adopted 2021 Equity Incentive Plan, which has authorized shares under the plan of 7.4 million shares. After the RSU grant, there are no further shares available under the 2021 Equity Incentive Plan.
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ALIT | Hot Stocks06:07 EST Alight announces redemption of all outstanding warrants - Alight announced that the Company will redeem all of its outstanding warrants to purchase shares of the Company's Class A common stock, par value $0.0001 per share that were issued under the Warrant Agreement, dated as of May 29, 2020, by and between Foley Trasimene Acquisition Corp. and Continental Stock Transfer & Trust Company as amended by the Warrant Assumption Agreement, dated as of July 2, 2021, by and between the Company, FTAC and the Warrant Agent, for a redemption price of $0.10 per Warrant, that remain outstanding at 5:00 p.m. New York City time on December 27, 2021.
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DVA | Hot Stocks06:06 EST DaVita study indicates effectiveness of COVID-19 vaccines in dialysis patients - Dialysis patients who received mRNA COVID-19 vaccines had a lower risk of COVID-19 diagnosis post-vaccination and were less likely to be hospitalized or die following breakthrough infection than unvaccinated patients, according to a DaVita Clinical Research study published online ahead of print by the Journal of the American Society of Nephrology. To assess COVID-19 vaccine effectiveness in this patient population, researchers evaluated electronic health records of 35,206 DaVita dialysis patients vaccinated with Pfizer/BioNTech or Moderna vaccines between January 1 and February 25. These patients were matched to unvaccinated controlled groups and followed over time to observe future COVID-19 infections and related clinical outcomes. Researchers observed that the Pfizer/BioNTech and Moderna vaccines were 78% and 73% effective in preventing COVID-19 infections, respectively. The study indicated that vaccinated dialysis patients who experienced a breakthrough COVID-19 infection were also less likely to be hospitalized or die from COVID-19 as compared to unvaccinated patients diagnosed with COVID-19. In addition, among vaccinated dialysis patients, SARS-CoV-2 antibodies were detected in rates similar to those seen in the broader Phase III clinical trials.
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HTGC | Hot Stocks06:05 EST Hercules Capital surpasses $2B in annual gross debt, equity commitments - Hercules Capital announced that it, together with external funds managed by its adviser subsidiary, have originated more than a record $2B year-to-date in annual total gross debt and equity commitments, breaking its previous one-year record of $1.47B.
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APDN | Hot Stocks06:04 EST Applied DNA Sciences announces Linea 2.0 COVID-19 Assay kit - Applied DNA Sciences announced its COVID-19 diagnostic strategy in response to the emergence of Omicron, a newly identified SARS-CoV-2 variant of concern. The Company plans to introduce its Linea 2.0 COVID-19 Assay, a new RT-PCR assay for the SARS-CoV-2 E and N genes that builds on the Company's established COVID-19 line of diagnostics, after submission of its validation data to the New York State Department of Health in the next few days. The Company also announced that its EUA-authorized Linea COVID-19 Assay Kit likely exhibits a unique double S-gene target failure specific to the Omicron variant. While other assays have been shown to have SGTF based on the presence of the undefined69-70 mutation contained in Omicron, this specific mutation is shared across several SARS-CoV-2 lineages and is not specific to the new variant. Based on the Company's initial analysis, the Company believes that the combination of mutations that cause the unique double SGTF in the Linea 1.0 Assay is unique to Omicron. This unique double SGTF may result in false negative results in patients infected with the Omicron variant when tested with the Linea 1.0 Assay as a primary diagnostic. This unique pattern may, however, allow the Linea 1.0 Assay to provide a high-specificity reflex test for the Omicron variant. More specifically, the Linea 1.0 Assay may be potentially used as a reflex test to indicate the presence of Omicron in samples that have tested positive for COVID-19 via third-party assays that cannot discriminate for the new variant because these same samples will test negative on the Linea 1.0 Assay due to the unique double SGTF. Analysis in silico of the mutations represented in the Omicron variant's genome sequences publicly available in GISAID shows that neither of the Linea 2.0 Assay targets are affected by the variant's mutations. Validation testing for the Linea 2.0 Assay for both single sample and pooled testing is already complete. The Company intends to submit its validation data as a Laboratory Developed Test to the NYSDOH in the next few days. The validation data for the Linea 2.0 Assay show the performance of the new assay meets or exceeds the performance of the Linea 1.0 Assay.
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NTRS | Hot Stocks05:44 EST Northern Trust, Pendal Group expand relationship - Northern Trust has been appointed to perform a wide range of asset services to the Pendal Group across Australia, UK and Ireland. Northern Trust has also expanded the number of existing services it performs for Pendal's business in the United States.
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NEGG | Hot Stocks05:43 EST Newegg Commerce expands into two new distribution centers in Atlanta, Ontario - Newegg Commerce announced its expansion into two new distribution centers located in Atlanta, Georgia and Ontario, California. At more than 200,000 and 240,000 square feet respectively, the facilities are distribution points to help Newegg better serve its customers throughout the country. With a total of eight distribution facilities located throughout the United States, Newegg now has more than 2.1M square feet of warehouse and distribution space in domestic hubs, including Los Angeles, Indianapolis, the New York metropolitan area and now Atlanta.
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CGRN | Hot Stocks05:40 EST Capstone Green Energy, PowerTap Hydrogen enter licensing agreement - PowerTap Hydrogen announced that it has signed a strategic manufacturing and licensing agreement with California-based Capstone Green Energy for the prototype manufacturing of PowerTap's proprietary hydrogen production and dispensing station. Each PowerTap Unit is modular in design and utilizes PowerTap's proprietary technology to produce and dispense blue hydrogen onsite.
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TMO | Hot Stocks05:38 EST Thermo Fisher says TaqPath COVID-19 PCR test not impacted by Omicron variant - Thermo Fisher confirmed that its polymerase chain reaction, or PCR, TaqPath COVID-19 Combo Kit, and TaqPath COVID-19 CE-IVD RT-PCR Kit, which test for the presence of SARS-CoV-2, are not impacted by the emerging B.1.1.529, or Omicron variant, enabling accurate test results. The Omicron variant, which was designated a "variant of concern" by the World Health Organization, has more than 30 mutations in the spike protein alone.
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QGEN | Hot Stocks05:36 EST Qiagen, DiaSorin announce FDA approval of Liaison QuantiFERON-TB - Qiagen and DiaSorin announced that the FDA has approved the Liaison QuantiFERON-TB Gold Plus assay for use on DiaSorin's automated Liaison XS platform. The approval widens the accessibility of U.S. customers to automation solutions for processing Qiagen's blood-based test for latent tuberculosis, or TB, detection and support the conversion from the traditional tuberculin skin tests that were developed over a century ago.
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NOK | Hot Stocks05:32 EST Nokia selected by Ooredoo for five-year 5G agreement - Nokia announced that it has been selected by Ooredoo Group to bring multiple technologies and services, including 5G, to customers in Middle East, North Africa and South-east Asia as part of a multi-country, five-year deal. The deal, which builds on Nokia's global partnership with Ooredoo, will see Nokia expand Ooredoo's existing network, as well as introduce new 5G services. The deployment is already underway and is expected to be completed by 2026 in all these countries. Under the deal, Nokia will deploy equipment from its latest AirScale RAN portfolio on sites across North Africa and Southeast Asia. Nokia's AirScale radio platform features the flexibility and capability required for delivering 5G services to consumers and enterprises across different spectrum bands. The deal also includes digital deployment services supporting a faster time to market as well as technical support services.
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STLA VULNF | Hot Stocks05:29 EST Stellantis, Vulcan Energy Resources enter lithium hydroxide supply agreement - Stellantis (STLA) and Vulcan Energy Resources (VULNF) announced the signing of a binding agreement for Vulcan to supply battery grade lithium hydroxide in Europe for use in electrified vehicles to the Stellantis Group. The five-year agreement calls for shipments to begin in 2026. The Vulcan supply agreement is a part of the Stellantis electrification strategy, detailed during the EV Day presentation in July, to guarantee the adequate availability of key raw materials for electrified vehicle battery packs. Stellantis plans to invest more than EUR 30B through 2025 in electrification and software development, while targeting to continue to be 30% more efficient than the industry with respect to total Capex and R&D spend versus revenues. Vulcan will supply Stellantis with a minimum of 81,000 metric tons and a maximum of 99,000 metric tons of lithium hydroxide over the five-year term of the agreement. The supply agreement is subject to the successful start of commercial operation at the Vulcan facility and full product qualification.
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SKX | Hot Stocks05:21 EST Skechers, Marcolin renew licensing agreement for Skechers eyeware - Marcolin and Skechers USA announced the renewal of their licensing agreement for the design, production and worldwide distribution of Skechers sunglasses, eyeglasses and kids' eyewear. The partnership has been extended until December 31, 2024. The collection features a range of eye sizes for children and adults. Skechers Eyewear is available at authorized e-commerce retailers as well as select opticians. The sunglasses are sold at independent retailers and department stores as well as in select Skechers retail stores throughout the U.S. and around the world.
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HEPS TKC | Hot Stocks05:18 EST Hepsiburada open wallet enters payments partnership with Turkcell subsidiary - HepsiPay, the digital open wallet of Hepsiburada (HEPS), announced a new payment agreement with Paycell, the fintech subsidiary of Turkcell (TKC). The agreement will enable consumers to shop on the Hepsiburada platform without the need for a bank card by using the new direct carrier billing capability on HepsiPay Wallet. Beginning in December, Turkcell customers who do not have or do not prefer to use a bank or credit card, will enjoy a shopping experience on the Hepsiburada platform. Customers will be able to transfer money to their HepsiPay Wallet, with the final top up amount reflected on their next Turkcell bill.
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VIACA... | Hot Stocks05:09 EST ViacomCBS, NENT group partner to launch Pluto TV in the Nordics - ViacomCBS Networks International, or VCNI, a division of ViacomCBS (VIACA), and Nordic Entertainment Group (NENTF), or NENT Group, announced a partnership for a new Pluto TV service across Sweden, Denmark and Norway in 2022. The service combines ViacomCBS' free ad-supported streaming TV, or FAST, service with the biggest pan-Nordic AVOD platform Viafree. NENT Group will serve as the platform's advertising sales partner. Pluto TV will introduce the new FAST/AVOD platform with curated channels and on-demand programming featuring international and local content. Following the launch of Pluto TV, Viafree will be phased out as a stand-alone platform. Pluto TV is available in 26 markets globally, including the U.S., Latin America and Europe.
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